According to Trader Tardigrade, the ascending broadening wedge formation has formed for weeks, indicating growing momentum. Considering the robust performance and past scenarios, the analyst expects the pattern to trigger a major spike to the $170,000 milestone.
Data shows that these key holders have been persistently declining since BTC recently reached a new all-time high in May. This waning sentiment among large investors indicates weakening confidence in BTC’s current uptrend or a shift toward a more cautious stance.
