Bitcoin Breakout: $9,000 in Sight - Forex News by FX Leaders

Bitcoin Breakout: $9,000 in Sight

Posted Sunday, May 26, 2019 by
Rowan Crosby • 1 min read

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.

BTC
BTC – 240min.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of