• The Bitcoin price created a bullish engulfing candlestick on July 6.
  • There is strong resistance at $9,300.
  • The price has broken down from a short-term ascending support line and is trading inside a parallel ascending channel.
The Bitcoin (BTC) price increased considerably on July 6, creating a bullish engulfing candlestick with considerable volume. This caused the price to move all the way to an important resistance area, a breakout above which would be a major bullish development. Bitcoin's Bullish Engulfing Candlestick On July 6, the Bitcoin price increased considerably, going from $9,055 to $9,375,
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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