Movers and Shakers – 09/02/20  

David Airben

Market 4 years ago
1 QCP
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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
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