Bitcoin Breaks Through Resistance: Levels
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.
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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.
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