Bitcoin buyers appear to be eyeing the psychological $8,200 above today, but fears of a rising wedge reversal could put an abrupt end to the rising price. Let’s take a closer look. Bitcoin 4-Hour Chart On the 4-Hour BTC/USD chart, the price appears to be consolidating inside a bearish rising wedge pattern between two pinching trendlines. This pattern usually marks the start of a bearish reversal, as bullish momentum thins out ahead of strong resistance.Read MoreThe post Bitcoin Price: Bulls Under Pressure to Break $8.2K in Rising Wedge appeared first on Bitcoinist.com.
