Bitcoin Breaks Through Resistance: Levels
Price has recent broken higher and we tested $6,900 before falling back.
Rowan Crosby•Wednesday, August 22, 2018•1 min read
Just a quick update for those watching Bitcoin.
BTC has been in a bit of a trading range since it fell away sharply through support.
Since that time we have seen that $6,000 has been the bottom of the range, while $6,600 has been resistance.
Price has recent broken higher and we tested $6,900 before falling back.
If we can hold $6,600 that is a good start. While $6,800 would be better.
Clearly, $7,000 is the major hurdle we have to hold. But it is a decent start.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals