- The Bitcoin price is trading inside a descending wedge.
- There is support at $8,600 and resistance at $9,300.
- The RSI has generated considerable bullish divergence.
The Bitcoin price has bounced at an important support level and created a descending wedge, from which the price is expected to break out. The Bitcoin price has been decreasing since May 14, trading inside a descending wedge. At the time of writing, it was approaching the projected end of the descending wedge, which is considered a bullish reversal pattern. Bitcoin Falling Wedge During
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