Bitcoin Breaks Through Resistance: Levels - Forex News by FX Leaders
Bitcoin is pushing higher

Bitcoin Breaks Through Resistance: Levels

Posted Wednesday, August 22, 2018 by
Rowan Crosby • 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.

Bitcoin – 240 min.
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About the author

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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