Bitcoin price lethargic recovery momentum continues as buyers seek a formidable bottom. Whether it is the falling wedge pattern or triangle pattern, BTC is in for some end of their bullish magic. Bitcoin continues with the support shuttering movements on Friday last week. However, the weekend session experienced shallow recovery across the board. Bitcoin posted minor gains above $8,500. The prevailing trend is generally bearish with BTC trading at $8,448 after correction from $8,502 (intraday high). A couple of technical patterns breakouts are in the offing. The falling wedge pattern is still seeking a bottom to assist in boosting a rally above $9,000. Meanwhile, a wide symmetrical triangle pattern is also approaching a breakout. Whichever among the two patterns breaks out the first, BTC will be getting ready for that end of the year rally magic. For now, the technical picture is inclined to the negative. The MACD is under the mean line and its sideways movement suggests that sideways trading will prevailing in the coming sessions on Monday. BTX/USD 4-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next China’s Defence Minister agrees with US Defence Secretary on military relations – Global Times FX Street 3 years Bitcoin price lethargic recovery momentum continues as buyers seek a formidable bottom. Whether it is the falling wedge pattern or triangle pattern, BTC is in for some end of their bullish magic. Bitcoin continues with the support shuttering movements on Friday last week. However, the weekend session experienced shallow recovery across the board. Bitcoin posted minor gains above $8,500. The prevailing trend is generally bearish with BTC trading at $8,448 after correction from $8,502 (intraday high). A couple of technical patterns breakouts are in the offing. The falling wedge pattern is still seeking a bottom to assist in boosting a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
