Bitcoin price unexpectedly touched $ 8000
On the night of January 7, quotes of the first cryptocurrency in less than 4 hours rose from a level of about $ 7,500 to almost $ 8,000.
Cryptotrader Big Cheds noted the formation of an inverted head and shoulders pattern on the Bitcoin price chart. In his opinion, for further growth, the cryptocurrency should be kept for several hours above the level of $ 7600.
CryptoBirb, a popular analyst on Twitter, drew attention to the importance of digital gold testing at the level of $ 7800. Breaking through the upper border of the “falling wedge” pattern may trigger a parabolic trend, he said.
However, for this, Bitcoin will have to overcome key resistance levels by approximately $ 9,000 and $ 10,000.
CoinDesk Markets analyst Omkar Godbow also pointed out the importance of the $ 7870 mark for a bullish reversal.
Earlier, technical analysts stated that the quotes of the first cryptocurrency as a whole are in a downtrend and are still far from a full-fledged reversal.
Congratulations @dennissimo! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!