• BTC broke out from a short-term descending wedge.
  • The price is still trading inside a parallel ascending channel.
  • There is minor support at $9,240 and considerable resistance at $9,350.
The Bitcoin (BTC) price has been decreasing since it reached a high of $9,379 on July 7. Today, it broke out from a descending wedge, but could not sustain the higher prices. Bitcoin Short-Term Breakout The hourly chart for BTC reveals that the price has been decreasing since a high of $9,379 reached on July 7. The decrease transpired in a descending wedge until the price created a
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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.

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