Bitcoin Breakout: $9,000 in Sight

Bitcoin has made a bit of an early week run (or late weekend) and broken out above the previous highs.

This time of day/week, liquidity is thin, but these are often the times of day when we see BTC running.

Price has broken through the highs which were sitting at $8,400 and at the time of writing is pushing into the $8,800 level.

Clearly, the $9,000 level will be the next major one of interest and there is nothing to say we can’t see that price today.

Fundamentally, there isn’t much that I can see that is driving the move, but as mentioned, when liquidity is thin, moves can get exaggerated.

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Dime Levov

FXL Admin

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