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Bitcoin: BTC Not Likely To Go Down Just Yet (September 2019)
Bitcoin held $10,000 and has now broken out of the falling wedge and is eyeing further upside from current levels. We pointed to the probability of this move in our last analysis. BTC/USD is primed for a brutal downtrend long term but it is still likely to see further upside short term. Many of the bears as well as the bulls are eyeing a break below $9,000. The bears expect it to keep falling further but the bulls are only hoping for such a decline so they can buy cheap Bitcoin (BTC). To such bulls, I would say be careful what you wish for because once the price breaks below the $9,000 mark, it is game over for the bulls.
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