Bitcoin (BTC) Cost Observe: Rising Channel Underneath Major Support

Bitcoin (BTC) Cost Observe: Rising Channel Underneath Major Support
фото показано с : bitcoints.com

2018-7-9 11:13

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and found resistance at the $6,785 level to create an ascending triangle.Price is testing the pattern’s resistance, which lines up with the broken long-term support visible on the 4-hour chart.Technical indicators are suggesting that the ceiling could hold for now.
Bitcoin price is testing the top of its ascending triangle pattern, but technical indicators suggest resistance might hold.
With that, bitcoin price might need to revisit the triangle support before attempting another break.
Then again, it’s worth noting that bitcoin price is already trading above the moving averages, which reflects a pickup in bullish pressure.
Market Factors Bitcoin price has had quite a good run in the earlier week, which reflects a pickup in industry optimism.

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price bitcoin resistance support testing long-term broken

Источник: bitcoints.com

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