Bitcoin Sees Bull Breakout Above Key Resistance at $9000
Last week having seen a major Bull Breakout at about $8,300, Bitcoin has now broken Key resistance at $9,000.
The world’s #1 cryptocurrency crossed the long-term descending trendline convincingly, and closed well above the major resistance at $8,459 Friday, signaling a Key reversal has been put in since US Tax Day on 17 April.
So far Monday BTC is holding gains above $9,000, signally Bullish extension around the Key resistance mark.
Currently, Bitcoin is trading at: $9,182.34,+214.09, or +2.3872%,as of 2:08a BST, + 40% from the 1 April 2018 low at $6,425, the market is open.
Near term, BTC looks set to test the 200-day MA at $9,784, and could test the $10,000 mark.
Bitcoin looks Bullish in hear to me.
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