Bitcoin broke through the Resistance! 9,000 is coming !

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hi, Traders ! Monfex is on the air !

Hot update on Bitcoin: market landscape is changing rapidly.

* Bitcoin broke through the upper band of 1H Channel, that is - the important short-term resistance of $8,500.
* Bulls have taken the lead and now Bitcoin is heading towards $9,000.
* Increased Volume confirm the validity of the break-out. It doesn't look like a false.
* RSI has entered overbought territory on 1H meaning that the price can temporarily reverse to test $8,500.

Active trade signal

Buy @$8,500 - 8,600.
Nearest Target: $9,000.
Stop-loss: $8,300.

Watch for our Updates to get real-time superior signals!


This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.


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