Bitcoin Tests Triple-Top Looking for a Breakout

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In Brief
  • The Bitcoin price is trading inside a minor support area at $9,550.

  • The price is possibly trading inside a descending wedge.

  • A breakout could take the price to $9,900.

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The Bitcoin price is in the process of breaking out from a descending wedge This movement could take the price all the way to the closest resistance area to create a triple-top. The Bitcoin price is currently trading inside a minor support level, found at $9,550. Prior to falling to this level, BTC created a double-top at the $9,900 level, which is known as a bearish reversal
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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