Bitcoin price was up over 14% at one time today, taking it close to the imposing resistance beginning at $41,300. BTC falling wedge pattern breakout remains secure and projects higher prices. Amazon denied plans to launch a cryptocurrency in 2022 but acknowledged it would continue to explore cryptocurrencies.
Bitcoin price extends breakout from a falling wedge pattern with an explosive 10% gain. Ethereum price is on pace to close with the best six-day gain since the beginning of May. XRP price breaks the May descending trend line and tests the robust resistance at the May 23 low of $0.652.
Safemoon price has been coiling within a descending triangle pattern since the May crash, highlighted by no sustainable rallies and continuous support along the May 19 low of $0.00000261. The downward trajectory has kept SAFEMOON investors on the defensive. However, in the context of tightening price traction enforced by the triangle pattern and emphasized by the notable contraction of the Bollinger Bands, combined with a nearing apex, SafeMoon price is poised for a substantive move soon, either way.
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