The Bitcoin price has broken out from a short-term descending resistance line.
There is resistance at $9,650 and $9,820.
The price is trading inside a longer-term descending wedge.
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On June 21, the Bitcoin (BTC) price broke out from a descending resistance line that had been in place since July 16. This opens the way for an increase that could carry the price upwards of $9,600. The Bitcoin price had been following a descending resistance line since June 16. The price decreased at the rate predicted by the line, which was also strengthened by the presence of the 200-hour