Bitcoin Sees Bull Breakout Above Key Resistance at $9000

Bitcoin Sees Bull Breakout Above Key Resistance at $9000

Bitcoin Sees Bull Breakout Above Key Resistance at $9000

$BTCUSD

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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To view the HeffX-LTN archive on Bitcoin, click here.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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