Bitcoin‘s price has demonstrated remarkable performance in the last few days, revisiting the pivotal $100,000 threshold. With the general crypto market recovery strong following recent news about Donald Trump’s inauguration as the new president of the United States, BTC could muster enough momentum to reclaim its current all-time high.

Key Chart Formation Emerges As Bitcoin Recovers

As momentum builds in the market, informative platform IC News has cited a price trend on the Bitcoin chart that might trigger a notable rally for BTC in the short term. Looking at BTC’s movements, the platform highlighted that a significant falling wedge formation is unfolding on its chart.

A falling wedge formation, often associated with bullish reversals, indicates that an upward move for BTC could be on the horizon. This impending chart pattern has captured the attention of traders and investors alike, sparking speculations about a possible continuation of the recent uptrend.

Following an investigation of the 1-day chart, IC News stated that BTC has been stabilizing below the crucial $100,000 mark after briefly surging above the level twice. Meanwhile, the market is currently locked within the emerging large falling wedge formation.

Similar trends in the past have ignited the start of significant price spikes, increasing interest in the flagship asset’s next move. Given the ma

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Author: Godspower Owie