Bitcoin Price Analysis: BTC Breaks Beneath Rising Wedge, Where is The Target?
Bitcoin is down almost 5% today as the primary cryptocurrency broke below a rising wedge formation. BTC reached as high
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
Bitcoin is down almost 5% today as the primary cryptocurrency broke below a rising wedge formation. BTC reached as high
XRP is down a sharp 7% today but is doing well to maintain the $1.40 support. Against bitcoin, it fell
After reaching today’s high of $59,600 according to bitstamp, Bitcoin reversed back into the rising wedge it is currently trading
Ethereum is up by a total of 40% this week, allowing the coin to surge above $4,000 to a new
Altcoins continue to outperform bitcoin’s price and this week was no exception. One of the biggest winners over the past
Ethereum is up another 3% over the past 24 hours as it sets a new ATH at $3542. Against bitcoin,
Bitcoin is up by a robust 4% today as it bounced from $53,000 to reach as high as $58,000 yesterday.
Despite trading relatively flat over the past 24 hours, XRP has found solid support at the 20-days MA. Against bitcoin,
Chainlink is up by 25.5% today as the cryptocurrency sets a new ATH at $52. Against Bitcoin, LINK managed to
Today, bitcoin dropped by a sharp 4.8% and reached as low as $54,650. However, the cryptocurrency is back trading at