Bitcoin Update August 2025 Rising Wedge Pattern -> Bearish Bias Bitcoin / EuroBINANCE:BTCEURyabsikusPair: BTC/EUR – 1D – Binance Bitcoin has been forming a rising wedge pattern over the past months, which statistically breaks downwards in most cases. The price already failed to hold the lower trendline, which confirms the bearish scenario for now. Key takeaways from my analysis: Pattern: Rising wedge → High probability of a downside move Current situation: Price broke the lower support trendline Target zones: Level 1: First major support Level 2: Strong demand zone / possible bounce area Sentiment: Many “moon boys” are still expecting a breakout to new highs, but structurally the chart looks weak. If this breakdown continues, those chasing FOMO rallies might get rekt again. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage your risk.