Hello, dear members of LeoFinance!
Today I just want to write a short update on the price chart of Bitcoin.
Intraday BTC/USD is experiencing a price decline. However, in the 1-hour chart BTC/USD is still within the trajectory of the Broadening Rising Wedge:
Thus, it is still like that the price of Bitcoin receives support at the lower line of the wedge and bounces off. Nevertheless, this is just a theoretical scenario. At the moment, there is no signal indicating price rebound.
To be continued ...
As of the time of writing, one Bitcoin costs $18,178.45 on Bitstamp crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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