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Bitcoin’s rising wedge formation: Will BTC break higher or face rejection?

BTC has recently surpassed $83,800, now serving as support. A breakout above $86,400 is pivotal, signaling the potential for significant price moves. However, declining trading volume suggests caution, as the market awaits confirmation of the anticipated breakout.

Currently, the RSI remains neutral, but caution is warranted as BTC nears overbought territory. Traders should focus on volume and RSI movements in the coming days to better understand BTC’s probable price trajectory and resilience against bearish pressure.

This is community-generated content, not advice from ONUS.
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