Renowned virtual asset trader Killa stated via X that "BTC is currently forming a falling wedge pattern on the daily chart and will remain in a box range for some time." In this regard, he added, "The market usually spends 80% in a box range (sideways movement) and 20% in an uptrend or correction. Since there has been a recent rise, we need to spend time in the 80% phase (box range)." He further noted, "Even if the falling wedge pattern is broken, there is a high possibility of a fakeout (returning to the original range after a breakout)."
