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Tuesday

31 March 2020

Bitcoin Price Breaks Above Key Resistance Levels as Bulls Target $8.6K

Bitcoin Price Breaks Above Key Resistance Levels as Bulls Target $8.6K


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Bitcoin (BTC) price has at last crossed above the $8,300 resistance, setting the digital asset up for a run at $8,500 and restoring bullish momentum to the current uptrend which has seen the price rise from $7,655 to $8,483 over the past week. .

While there are some traders who will have bought the breakout above resistance, cautious traders will closely watch the 4-hour close to see if the digital asset sustains above the trendline as previous price action shows Bitcoin repeatedly unable to hold above this level. .

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cointelegraph.com
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