Bitcoin Tests Triple-Top Looking for a Breakout

Share Article
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.

  • promo

    Stake your points and qualify for the 200,000 USDT prize pool. Start staking now!

The Trust Project is an international consortium of news organizations building standards of transparency.
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

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Share Article

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.

Follow Author

Limited offer! Learn to mine and trade crypto today for free


Earn up to $10,000 USD every week in CoinFLEX AMM+ Arena!

Earn Now

Be our Supreme Scorer and qualify for a grand prize pool of 200,000 USDT!