Bitcoin price analysis: $ 7265 to cap the bounce amid rising wedge breakdown

Bitcoin price analysis: $ 7,265 to cap the bounce amid rising wedge breakdown

Bitcoin trades flat on Saturday, with bias leaning to the downside. Rising wedge breakdown spotted on hourly sticks, with bears eyeing 7,075. However, a rebound cannot be ruled out in the near-term. Bitcoin (BTC/USD), the most favorite cryptocurrency, is trading little changed so far this Saturday, having run into stiff resistances aligned near 7,265 region on its multiple upside attempts.