- BTC has broken out from a short-term descending wedge.
- There is resistance at $9,300.
- Technical indicators are still bearish.
The Bitcoin (BTC) price created its fourth successive bearish weekly candlestick during the week of June 29-July 6. However, on July 6, the price began a short-term upward move that is still ongoing. Bitcoin's Resistance During the week of June 29-July 6, the Bitcoin price created a small bearish Doji candlestick. Measuring from the June 1 high, this was the fourth such candlestick,
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