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.
Rowan Crosby•Sunday, May 26, 2019•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.
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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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