$BTC had a rough weekend, but it bounced back after rumors of a potential US-Iran agreement. However, experts warn that buying right now might be a trap.
If we ignore sudden political news, Bitcoin’s current chart patterns look risky. Analysts on X (formerly Twitter) point out that the cryptocurrency is trading in an "ascending channel." This technical pattern suggests the price is actually due for a short-term drop.
New investors might end up losing money, as Bitcoin looks ready to fall toward $72,000 before it makes its next real comeback.
