Bitcoin bulls appear to have found a second wind which allowed them to push the price above $9,000 to daily high at $9,150.
As discussed in an earlier analysis, bulls had been fighting to hold the price above $8,800 throughout the day and multiple attempts at knocking out the $9K mark were held back by $8,963 and $8,985.
Traders will now look for Bitcoin to sustain above $9,118.
85 in order to flip the $9,100 to $9,200 zone to support and set a daily higher high.
Above $9,200 traders will now look to $9,500, $9,600, $9,963 and $10,538 as the next targets for Bitcoin price.
Since Jan. 24 Bitcoin has rallied 11.31%, meaning an eventual pullback could see the price revisit $8,900 and $8,700.
At the time of writing the moving average convergence divergence rallied 8.05%, Bitcoin SV has held on to an 8.54% gain and Litecoin rallied 7.49%.Keep track of top crypto markets in real time here.
Bitcoin Price Breaks Through Key Resistance as Traders Target $9.2K
Udgivet den Jan 28, 2020
by Cointele | Udgivet den Coinage
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