Bitcoin (BTC) Poised For A Retest Of $5,800 Support In September

2018-8-28 17:00

Bitcoin (BTC) seems to have made a recovery the last few days but since the beginning of this month, it has been trading in a big rising wedge that extends all the way to Bitcoin (BTC)’s downtrend resistance.

The above daily chart for BTC/USD shows that the price has room to rally till $7,500 as mentioned in one of our previous analyses but any positive momentum at this stage will most likely be short lived as Bitcoin (BTC) risks falling back to the $5,800 support once it break out of the rising wedge.

Continue reading Bitcoin (BTC) Poised For A Retest Of $5,800 Support In September at Crypto Daily™.

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$ 96507.7 (+0.31%)
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Изменеия 24h: -2.10 %, 7d: -5.24 %
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btc bitcoin support daily poised rising retest

Источник: cryptodaily.co.uk

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