• The Bitcoin price is trading above the $9,250 support area and the 50-day MA.
  • The weekly outlook is bearish.
  • The price is trading inside a short-term parallel ascending channel.
The Bitcoin (BTC) price has reclaimed an important support area at $9,250. However, the price is moving very gradually inside a parallel ascending channel and has not shown strong indications that it will move in one or the other direction, making both a breakout or a breakdown valid possibilities. Bitcoin Weekly Outlook In the weekly time-frame, the Bitcoin price is still following a
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
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.

Follow Author

Want to know more?

Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!

This site uses cookies.
Click here to accept the use of these cookies. View our cookie policy

We are discussing it in our Telegram Channel

Join

Free crypto community in our Telegram Channel

Join Now

We are discussing it in our Telegram Channel

Join

We are discussing it in our Telegram Channel

Join