Bitcoin’s Breakout Has the Price Aiming for $10,000

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In Brief
  • The Bitcoin price has broken out from a descending wedge with considerable volume.

  • There is support at $9,530 and resistance at $9,900.

  • A golden cross has transpired on the hourly time-frame.

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On June 22, the Bitcoin price created a bullish engulfing candlestick and broke out from a descending wedge that had been in place since the beginning of June. The price reached a high of $9,780 before decreasing slightly to $9,600 where it was trading at the time of press. Descending Wedge Bitcoin Breakout The Bitcoin price had been trading inside a descending wedge since June 1, having
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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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