Bitcoin has been in this wedge around 9000 to 9500 ish for a long time but it seems the wedge is starting to get closer to the end. The RSI looks very good not overbought or oversold but will this lead to a continuation in the zone or is there a breakout coming? The indicator on TradingView shows it as a "BUY" but am not sure if they are taking in all the considerations within the market like volume etc. MACD seems to be trending up which may indicate a movement is near...no way to tell for certain!
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1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.