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Outcomes of Bitcoin Trading After a Bearish Descending Triangle Formation

A descending triangle is a bearish crypto pattern that continues the trend. It means bitcoin pauses before dropping further in price.

Should the downward-sloping triangle, a continuation pattern for downward cryptocurrency trends, materialize, it suggests the BTC/USD market is pausing before resuming its established bearish trajectory. This descending triangle continuation in a downtrend is termed a falling wedge, indicating that bitcoin is consolidating while continuing its descent, forming a shape resembling a wedge that points downward. Bitcoin traders should await confirmation of the descending triangle setup before executing a trade based on this bearish continuation chart formation. Confirmation occurs when the bitcoin price breaks decisively to the downside, validating the falling triangle continuation pattern, at which point bitcoin prices are expected to proceed in alignment with the prevailing downward cryptocurrency trend.

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