Movers and Shakers – 09/02/20
David Airben
Market
4 years ago
1 QCP
Bitcoin rose by 0.73% on Saturday. Following on from a 0.62% gain on Friday, Bitcoin ended the day at $9,877.2.
A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,657.8 before making a move.
Bitcoin fell through the first major support level at $9,706.07 before rallying to a late intraday high $9,920.8.
The rally saw Bitcoin break through the first major resistance level at $9,882.17 to hit $9,900 levels for the 1st time since late October.
Coming within range of the second major resistance level at $9,959.13, Bitcoin eased back to sub-$9,900 late in the day.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the current week gains.
For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.
https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-09-02-20-631782
A bearish start to the day saw Bitcoin fall to an early morning intraday low $9,657.8 before making a move.
Bitcoin fell through the first major support level at $9,706.07 before rallying to a late intraday high $9,920.8.
The rally saw Bitcoin break through the first major resistance level at $9,882.17 to hit $9,900 levels for the 1st time since late October.
Coming within range of the second major resistance level at $9,959.13, Bitcoin eased back to sub-$9,900 late in the day.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, however, in spite of the current week gains.
For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.
https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-09-02-20-631782
- Cryptocurrency
- Crypto
- Crypto Daily
- Bitcoin
Confirm Delete
Are you sure, you want to delete the Comment ?