Bitcoin Price Intraday Analysis: BTC/USD in Near-term Rising Wedge

Source: Digital Money Times, originally published on .

http://digitalmoneytimes.com/bitcoin-price-intraday-analysis-btc-usd-in-near-term-rising-wedge/.

Bitcoin on Friday broke above its psychological resistance level near $ 6,500 and formed higher highs towards $ 6,600. The BTC/USD kickstarted the Asian trading session with an impressive rally from 6462-fiat to 6595-fiat. However, the pair failed to sustain the upside momentum near the new resistance and retraced back towards 6400-fiat. As it happened, BTC/USD made

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The post Bitcoin Price Intraday Analysis: BTC/USD in Near-term Rising Wedge appeared first on Digital Money Times.

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