• 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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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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