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yazdan22

Bitcoin technical analysis #bitcoin Bounce in the wedge $BTC

Bitcoin (BITFINEX:BTCUSD)  
yazdan22  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTC trend
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trendanalysis chartpattern indicator bitcoin btc trend
As we can see, Bitcoin is in a wedge pattern. We got the support here around the $7400 mark. Expect some consolidation around $7500-$8,000, then a breakout to the upper range of the wedge. Resistance around $9500. Lets see the wedge start to close, and expect a breakout to either the upside or downside, but the longterm move should be a breakout to the upside.
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