• Bitcoin was rejected by the $9,250 resistance area.
  • There is both regular and hidden bearish divergences in the RSI.
  • A weekly close below $8,700 would be bearish, while above $9,600 would be bullish.
The Bitcoin price has broken out from a descending wedge but has yet to move above an important resistance level. Technical indicators have begun to show weakness. Yesterday, the Bitcoin price began an upward move and broke out above the current resistance level. Furthermore, the price moved above its 200-hour moving average (MA). Bitcoin Falling Wedge This is where the bullish signs
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
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.

Follow Author

Want to know more?

Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!

This site uses cookies.
Click here to accept the use of these cookies. View our cookie policy

We are discussing it in our Telegram Channel

Join

Free crypto community in our Telegram Channel

Join Now

We are discussing it in our Telegram Channel

Join

We are discussing it in our Telegram Channel

Join