Technical analysis Bitcoin. BTC-USD on September 24, 2018

October 4, 2018


The closest scenario for Bitcoin may look the following way: we are within the uptrend wedge now, that is the pattern that indicates the following fall, but the current market condition tells about the possibility of continuation of the movement inside of this edge. Thus, we can get closer to the strong resistance zone near 6900 from which the price should form the fall. If the local support at 6580 doesn’t hold the market pressure, the possibility of the early exit from the wedge with the further test of the stronger support at 6400 appears.

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