Nyocha ọnụahịa Bitcoin - Bitcoin na-eme Patkpụrụ Wedge Na $ 9000 Ma Ndozi dị n'okpuru

Michael Fasogbon

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• Bitcoin hits $9000 after a long-term breakout.
• BTC remains bullish but sellers lurk around.
• A break below $8500 may set the market on correction mode.

Again, Bitcoin’s price has increased by roughly 5% to hit $9000 after breaking from the strong bearish zone of $8400 this week. This surge has made BTC reach the wedge resistance on the 4-hours chart. A downward correction is clearly playing out on the hourly channel pattern. Once Bitcoin clearly breaks below $8500, we should expect a short-term sell to $8000. Still, Bitcoin remains bullish!

Igodo nguzogide isi: $ 9000, $ 9400
Igodo nkwado nkwado: $ 8600, $ 8500

Bitcoin (BTC) Nyocha ọnụahịa: Chart 4H - Bullish

Bitcoin has made an upward shift the wedge’s resistance at $9000 a few hours ago. The buyers are still showing interest in the BTC price. Considering the last 4-hours rejection candle that led the bulls to $9000 earlier today, Bitcoin’s price is likely to correct to the wedge’s support of $8500 in the next few hours.

BTCUSD, Chart Hourly - Jenụwarị 17

A drive below this wedge might cause a lot of bearish sentiment. A rebound from this wedge’s support could send Bitcoin straight to $9400 resistance in the next rally. But looking at the price action, the BTC market is due for a correction. A small bearish play is around the corner. Nevertheless, the technical indicators are still up. So, we can expect bullish continuation once Bitcoin run a retracement.

Bitcoin (BTC) Nyocha ọnụahịa: Chart Hourly - Bullish

So far, the $8400 breakout has allowed Bitcoin trade in a channel boundary with a mild gain to $9000. Now, the price is dropping toward the channel’s support. It may lead to a devastating drop if $8600 fails to provide support for the BTC market. A break could floor Bitcoin at $8400 and $8200.

BTCUSD, Chart Hourly - Jenụwarị 17

Bouncing off this channel could allow buyers to retest $8800 and $9000 resistance once more. As shown on the RSI, the price of Bitcoin is currently dropping, although now sitting on the 50 level. The MACD moving average is currently aiming a bearish cross. If these indicators drop below their mid-levels, BTC would confirm a bearish correction to key supports. However, the bullish bias remains valid at the moment.

BITCOIN na-ere akara

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Michael Fasogbon

Michael Fasogbon bụ ọkachamara na-azụ ahịa Forex na onye nyocha nyocha cryptocurrency na ihe karịrị afọ ise nke ahụmịhe ahịa. Afọ ole na ole gara aga, ọ bịara nwee mmasị na teknụzụ blockchain na cryptocurrency site na nwanne ya nwanyị ma kemgbe ọ na-agbaso usoro ahịa.

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