Today is a very good day for HODLers as BTC price has already breached $9k resistance and is now currently testing the $9.2k zone.

Once the $9.2k zone has been successfully breached, next target will be $9.3k zone then $9.5k zone resistances.

2-hr RSI and MACD shows consolidating pattern, therefore, supports the bullish momentum in the short to mid-term.

However, looking at a larger time frame, a rising wedge can be seen, thus, signals bearish scenario.

I hope I am wrong, but, it looks like we might again see the $8.7k zone once the price rebounded from the $9.9k zone (max).

Disclaimer

This is my personal view and I don't claim it to be a professional financial guide. Your decisions are controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.

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