Bitcoin eyes bullish reversal with surge towards $9,000
January 17 2020 - 6:00AM
Coin Rivet
Bitcoin has its sights firmly set on breaking into the $9,000
region over the weekend after rallying above the $8,830 level of
resistance. The world’s largest cryptocurrency is now 37% up since
December 17 having experienced a 12% move to the upside since
Monday. The next two levels of resistance before the psychological
level of $10,000 are at $9,050 and $9,325, which will most likely
act as resting points if the rally continues into the weekend.
However, Bitcoin needs to close today’s daily candle above $8,830
to confirm the breakout. A slump from here would effectively
indicate another rejection that will likely cause a corrective move
to the downside. Another bullish indicator for Bitcoin is that
altcoins have started rallying
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Bitcoin eyes bullish reversal with surge towards $9,000
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surge towards $9,000
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Bitcoin eyes bullish reversal with surge towards
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Coin Rivet.
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