05-09-2018 05:58 via newsbtc.com

Bitcoin (BTC) Price Watch: Will Resistance Hold or Fold?

Bitcoin Price Key HighlightsBitcoin price has been on a steady climb recently and is closing in on a nearby resistance level.
Price is still trading inside a falling wedge pattern on its daily chart and is about to test resistance around $7,500.
Technical indicators suggest further bearish pressure, but there are some signs of bullish momentum.Bitcoin price is gearing up to test the top of its daily falling wedge, and technical indicators suggest that bears could return here.
Technical Indicator
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