Analîza Bihayê Bitcoin - Bitcoin Wesayîta Wedge Dike 9000 $ Lê Serastkirin Berdewam e

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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!

Astên berxwedana sereke: 9000 $, 9400 $
Asta piştgiriya sereke: 8600 $, 8500 $

Analîza Bihayê Bitcoin (BTC): 4H Chart - Bihar

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.

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.

Analîza Bihayê Bitcoin (BTC): Qerta Saet - Bullîn

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.

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 S SNYALELL FIRTELL

Têketina Firotinê: 8814 $
TP: 8514 $
SL: 9050 $