Bitcoin Price Analysis: Rising wedge at record top probes BTC bulls around 49,000 – FXStreet

• BTC/USD struggles to refresh all-time high marked the previous day.
• Bearish chart formation at the top becomes more powerful if confirmed.
• MACD teases bulls but RSI nears overbought RSI, suggesting slow grind to the north.
• Monthly support line, 200-bar SMA adds to the downside filters.

BTC/USD fades upside momentum while easing to $49,000 during the early Monday’s trading. The cryptocurrency pair refreshed the record time the previous day while inching closer to the $50,000 threshold. However, the upper…

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