PANews reported on February 25 that Matrixport said that the price of Bitcoin has fallen below the rising extended wedge pattern, which usually indicates downside risk unless the price can rebound quickly and return to the wedge. Bitcoin is likely to fall further, especially since this break occurred during a period of low trading and there was limited demand for buying on dips.
The report emphasized that although Bitcoin prices are expected to rise in the second half of 2025, this technical breakdown has led to cautious market sentiment. At the same time, Ethereum also fell below the key support range of $2,600 to $2,800, further exacerbating market concerns.
