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Bitcoin faces a potential drop to $60,000 as a 'rising wedge' pattern signals a bearish trap, warns analyst.

Technical Signals
22 Mar 2026
UToday
View Source
Bearish
pluang ai news

Analyst Aksel Kibar warns that Bitcoin's recent price recovery is a technical trap within a broader downtrend, not a new bull run. He highlights a 'rising wedge' pattern indicating buyer exhaustion, with Bitcoin currently testing the lower boundary around $69,200. If the price breaks downward, it could fall to $60,000 or even lower to $52,000-$48,000. Kibar advises caution, noting the price remains below key levels and the dominant trend is still bearish.

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