BTC did break the falling wedge in the background and confirmed more upside. There is potential for the test of $9.500 and even re-test of the $9.900. Watch for buying opportunities on the dips.
Yellow rectangles – Resistance levels and upward objectives
Falling purple lines – Broken falling wedge pattern
Rising purple line – Expected path
MACD is showing new momentum up and potential for more upside in the next period. Resistance levels to watch and potential upward targets are set at $9.430 and $9.500. Anyway, if the BTC start going downside and break the support at $9.200, there is chance for more downside towards the level of $8.950.
