Bitcoin: short road to $9000

Updated
Hello, Traders!
Monfex is at your service and today we overview Bitcoin.

Now we see clear falling wedge inside this descending channel, and a triple bullish divergence by RSI that can push the price to the resistance zone and main trading volume range.

  • The resistance zone ~ $9000-9100
  • The support zone ~ $8665-8500

    Supposed Trade Signal by BTC/USD
  • Buy near $8600-8500
  • Take profit ~ $9000
  • Stop loss at $8435
  • Market Cap
    $157 583 137 620 USD
  • Volume (24h)
    $19 403 351 417 USD
  • Circulating Supply
    18 043 475 BTC


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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Note
BITCOIN
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