Bitcoin jumped sharply on Tuesday - Can We See $9k

in #bitcoin • 5 years ago

Bitcoin-Eyes-$9K-After-Biggest-Single-Day Rise-in-a-Month.jpg

Bitcoin Eyes $9K After Biggest Single-Day Rise in a Month

Bitcoin jumped sharply on Tuesday, violating key resistance and opening the doors for a test of a widely followed technical line above $9,000.

  • Bitcoin violated crucial resistance near $8,460 on Tuesday, strengthening the case for a rise to the 200-day average at $9,100.

  • The pullback seen in the last 12 hours or so lacks volume support and could be short-lived.

  • Acceptance under Tuesday's low of $8,100 would abort the short-term bullish bias. Indicators, however, are reporting strong bullish momentum, so a drop below $8,100 looks unlikely.

#Bitcoin #cryptocurrencies #Crypto

Read more: https://www.bombcoins.com/2020/01/bitcoin-jumped-sharply-on-tuesday-can.html

#bitfinex #coinbase #btc #price #bitstamp #cryptocurrencies #crypto
5 years ago in #bitcoin by
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