Bitcoinist
2020-06-17 08:08:17

Bitcoin Confirms Bullish Wedge Fractal, Making $10,500 a Real Possibility

Bitcoin has slipped by more than 9 percent from its quarter-to-date top near $10,428. The move downhill has initiated a short-term downtrend with eyes towards $8,600. Nevertheless, the cryptocurrency is leaving behind a trail of lower highs and lower lows, forming a bullish wedge. The pattern points to an upside breakout towards $10,400-$10,500 area. Bitcoin is forming a bullish structure even as its short-term bias favors a downtrend. That is according to a textbook technical […]

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