Technical analysis Bitcoin. BTC-USD on July 07, 2018

July 9, 2018

#BTC 1h

Now the formation of the uptrend wedge can look the following way (1h chart). the price is inside the pattern and can bounce from the bottom edge moving to the resistance at 6780, if we break it, we will have a chance to get an impulsive breakout to 6890-7000 zone (where we will have a stronger resistance). As yesterday the bears did not manage to lower the price to the lower levels, it can happen if the market consolidates below the edge of the wedge and 6500 level. The closest support in case of fall will meet us on 6300 level.

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