Bitcoin Price Painting a Bullish Picture
Bitcoin has held on to most of its weekend gains and remains over $9k during the morning’s Asian trading session. Yesterday’s surge of 8% from $8,600 to top $9,300 has lifted the king of digital assets to new highs not seen since early May 2018.
Over the past 24 hours, BTC has retested $9,300 twice before a minor pullback to $8,830. It has currently recovered back to 0 0 and looks set to retest resistance again.
BTC price 1hr candles – Tradingview.com
As usual, traders and analysts have been scouring the charts looking for the next levels of support and resistance. It appears that a previous high from May last year and a crucial Fibonacci level will come into play as the next major resistance level to be overcome before bitcoin can consider five figures. Trader Josh Rager has been looking at the charts.
$BTC Strong Weekly Close. Bitcoin has been extremely bullish & foresee a test of the major resistance between $9500 to $9600, the 0.382 fib (is a typical “take profit” area is at $9532). But last time everyone expected a major pullback in the $6ks it busted right through to $7k+
$BTC Strong Weekly Close
Bitcoin has been extremely bullish & foresee a test of the major resistance between $9500 to $9600
the 0.382 fib (is a typical "take profit" area is at $9532)
But last time everyone expected a major pullback in the $6ks it busted right through to $7k+ pic.twitter.com/idE56HPEpo
— Josh Rager