Bitcoin can be seen bouncing off the 0.382 Fibonacci level around $9,600 as price action visibly creates an ascending wedge. Many bearish indicators point towards a break-down and lower low in the coming days. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see an ascending wedge has formed as a result of the bounce off the 0.382 Fibonacci level around $9,600. This trading pattern is inherently bearish, and there’s no reasonRead MoreThe post Bitcoin Price Analysis: Rising Wedge Could Drive BTC to $8.8K appeared first on Bitcoinist.com.