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BITCOIN $9400 hit. Next targets on the short-term.

  • July 8, 2020
  • Posted by: Tradingshot Articles
  • Category: Cryptocurrency
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Bitcoin eventually followed the short-term formation I posted a week ago, and hit the $9400 target.

BITCOIN Short-term outlook. $9400 in play?

The Falling Wedge has been broken to the upside and since the price is still within the Channel Up pattern on the 1D chart, it turns bullish on the short-term.

On top of that the LMACD has made a clear Bullish Cross and if BTC forms another green 1D candle tomorrow (unlike the last time of the LMACD bullish cross), I expect to fill up the gaps left of the Lower Highs of the broken Falling Wedge. Those are $9750 and $10000.

Do you agree with this idea? Feel free to share your work and let me know in the comments section!

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Tradingview link:

 

https://www.tradingview.com/chart/BTCUSD/EKYRpMKc-BITCOIN-9400-hit-Next-targets-on-the-short-term



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