TechFlow news, on February 25, Matrixport released a chart indicating that Bitcoin's price has broken below the ascending expanding wedge pattern, a formation typically signaling downside risks unless the price quickly rebounds and moves back within the wedge. The likelihood of further declines in Bitcoin remains high, especially since this breakdown occurred during a period of weak trading activity with limited buying demand on dips.
The report emphasized that although there is still room for Bitcoin prices to rise in the second half of 2025, this technical breakdown has led to more cautious market sentiment. Meanwhile, Ethereum has also fallen below the key support range of $2,600 to $2,800, further intensifying market concerns.
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