Bitcoin is currently navigating a large descending broadening wedge pattern, which typically indicates bearish momentum. However, analysts have observed oversold signals, suggesting a potential short-term shift in the market.
Analyst Josh of Crypto World anticipates increased volatility as the new trading week begins. This could impact key support or resistance levels, potentially propelling Bitcoin towards the $68,000 mark.
Overall, while current patterns are bearish, the potential for near-term positive movement suggests a promising outlook for Bitcoin, aiming for the $68,000 target.
