Bitcoin Price Closes on $8,600
After a three day period of consolidation around the $8,100 bitcoin started to move again. Within a couple of hours, BTC had broken through resistance at $8,400 and carried on higher to tap a two month high just below $8,600 according to Tradingview.com.
Bitcoin has now hit its highest price for the year and has recorded a gain of 20% since New Year’s Day. Technical signals are now turning bullish, one of them is the daily Ichimoku Cloud as noted by crypto traders.
The daily Ichimoku Cloud (traditional settings) is now fully bullish.