Hello, Traders! Monfex is at your service and today we overview Bitcoin.
At this chart we see more bullish scenario how BTC realize a falling wedge pattern and fixed above the resistance line with consolidation between $9000-9700 and MA200 && MA100.
At the end of September, MA200 crossed the price and it seemed that the bear market was started, there could be a deadth-cross with MA100. But we saw the resistance of the bulls who are ready to fight for their market.
The outcome of this consolidation will decide the fate of BTC.
The resistance zone ~ $9700
The local support zone ~ $9150
The last global support zone ~ $7680-7300
Market Cap $168 924 546 235 USD
Volume (24h) $26 316 436 460 USD
Circulating Supply 18 031 937 BTC
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.