Bitcoin’s Bullish Close Barely Fails to Confirm Upward Trend

Share Article
In Brief
  • Bitcoin is trading inside a short-term ascending wedge.

  • Daily technical indicators are bullish but weekly signals are bearish.

  • There is resistance and support at $11,750 and $11,250.

  • promo

    Want to know more? Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!

The Trust Project is an international consortium of news organizations building standards of transparency.
During the week of Aug 24-31, Bitcoin created a bullish hammer above a significant resistance area. This is a bullish sign that suggests continuation. However, short and long-term indicators aren't aligning. Daily signals are bullish while weekly technicals appear bearish. Bitcoin Weekly Outlook During the week of August 24-31, the Bitcoin price created a bullish hammer. The

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Share Article

Related topics

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

Daily signals, Bitcoin analytics and traders chat. Join our Telegram today!

Let’s Go
Daily signals and Bitcoin analytics.