Bitcoin Price Intraday Analysis: BTCUSD Breaks Rising Wedge Support

Bitcoin Price Intraday Analysis: BTCUSD Breaks Rising Wedge Support

Advertisement Against every bullish expectation, bitcoin price finally lost its latest upside today to growing bearish pressure. The BTC/USD on Wednesday plunged as much as 7 percent. The pair seemed to have overstayed its welcome near the resistance of our Rising Wedge channel. There was absolutely no buying sentiment visible around the area in the…

Bitcoin Price Intraday Analysis: BTCUSD Testing Rising Wedge Resistance

Bitcoin Price Intraday Analysis: BTCUSD Testing Rising Wedge Resistance

Advertisement Bitcoin Price continued to establish new intraday highs on Tuesday bouncing from this week’s bottom near $6,559. The BTC/USD pair was hinting a strong push towards 7000-fiat while being on a slow-and-steady upside trend. Since its infamous 30-minute crash, the pair has come a long way to establish a new monthly high at 7127-fiat.…

Bitcoin Price Intraday Analysis: BTC/USD Forming Rising Wedge

Bitcoin Price Intraday Analysis: BTC/USD Forming Rising Wedge

Advertisement Post its bull run and its subsequent negation the Bitcoin price is now back to its interim consolidation sentiment. The BTC/USD yesterday formed higher highs towards 6900-fiat, only to find itself erasing the superb rally and falling back to create an intraday low near 6260-fiat. The pair, ever since, has bounced back weakly towards the…