Bitcoin Finds Support Once More

Market Research
Written By Guest User
BTC 4hr chart, approximately 10am ET, 9/27/21.

BTC 4hr chart, approximately 10am ET, 9/27/21.

Bitcoin has tested its lower support once again, continuing a shorter-term coiling pattern into the end of this descending wedge. The MACD is showing a continued swing in upwards momentum on the 4 hr chart. The daily candle chart is looking promising as well.

BTC daily chart, approximately 10:30am ET, 9/27/21.

BTC daily chart, approximately 10:30am ET, 9/27/21.

The MACD could be gearing up to swing upwards and the volume is starting to decrease slightly into the continuation of this downtrend. This coupled with the coiling of the descending wedge could be a great sign.

Guest User
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