Bitcoin is back above 9600. Currently, bitcoin is consolidating around 9587 support, the pennant upper trend line acting as overhead resistance. previous 9587 resistance as flipped to support and still holding. If it hold then we should get another push up to complete the falling wedge target which is around 10200 perfectly inline with the top of the rising price Chanel. Very close to the major resistance area of 10504. Another thing I want to point out is another spotted bullish pennant which the breakout target will take bitcoin to around 11150 if it breaks to the upside and if bitcoin manages to break the 10504 resistance line. So we now have double scenario.
I follow the price action on the chart, I don’t make ridiculous price predictions because you can’t predict what the market will do. Cryptocurrency market is very volatile so anything can happen.
I follow the price action on the chart, I don’t make ridiculous price predictions because you can’t predict what the market will do. Cryptocurrency market is very volatile so anything can happen.