Calm before the Storm by Bitcoin

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hello, Traders!
Monfex is at your service and today we overview Bitcoin .

At this chart we see more bullish scenario how BTC realize a falling wedge pattern and fixed above the resistance line with consolidation between $9000-9700 and MA200 && MA100.

At the end of September, MA200 crossed the price and it seemed that the bear market was started, there could be a deadth-cross with MA100.
But we saw the resistance of the bulls who are ready to fight for their market.

The outcome of this consolidation will decide the fate of BTC .

  • The resistance zone ~ $9700
  • The local support zone ~ $9150
  • The last global support zone ~ $7680-7300

  • Market Cap
    $168 924 546 235 USD
  • Volume (24h)
    $26 316 436 460 USD
  • Circulating Supply
    18 031 937 BTC

Share your thoughts, ideas about the market under the chart.

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This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Trade active: 1W && 4H charts
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