Bitcoin broke 9k USD in its fifth attempt yesterday (got rejected four times before it finally succeeded) and now you can see a rising wedge almost fully formed. Usually, it has some bearish consequence.
However, it is now very hard to predict a resistance point as there are many potential ones between 9k and 10k. This recent bulls run is a bit too fast and we expect a correction soon (8.5-8.7k), maybe even this Friday (27th April).
Do not get too optimistic though as one major correction may still be looming above us (even 6k is possible). But that should be the last one hopefully before the events in May (Consensus).
However, Technical Analysis means nothing when the market is being manipulated (it can happen any time), so beware of any possible bulls run that would settle us between 11k-12k.
A friendly reminded - it is always better to accumulate your value in BTC than FIAT. In a few years you will see why.
Disclaimer: the information provided by @cryptomedics does not constitute as investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the website's content as such. Do conduct your own due diligence and always do your own research before investing.If you like our content, show us some love, upvote, resteeem it and join our Telegram Discussion or the Main CryptoMedics Channel.
