Cryptocurrency is traded in green and Bitcoin above 9000 dollar
2019-06-17 12:20 pm | Resource: News | No Views : 46
The world's largest virtual currency, Bitcoin, continued to rise after hitting Sunday's $ 9,000 for the first time in more than a year. For the year to date, Bitcoin has gained 142%, but is still well above its record high of $ 19,000 in late 2017.
The world's most popular digital currency was traded at around $ 9,300 on Sunday, adding gains on Friday. In addition, investor interest in the cryptocurrency market has been increased after the announcement that giant technology Facebook Inc. Plan to launch a special cryptocurrency. Facebook has reportedly contacted a number of financial institutions and companies about joining an independent institution that will help manage the potential cryptocurrency.
Bitcoin is showing positive signs today, with an expected bullish move and the $ 10,000 levels as the next target. Where the daily chart shows that Bitcoin has regained the current bullish trend after closing two consecutive days above the resistance levels turned to support $ 8500, to tell us that the BTC has returned to the trend and we expect a bullish move as the momentum continues to rise.
First, we have $ 10,000, the highest level in May 2018. This is also a psychological price point, which can serve as a strong attraction to reach the price. As the momentum has returned above the trend, it could mean that the BTC could exceed $ 10,000 and reach the next resistance level. And then we have the strongest level of resistance that needs to be breached until the BTC continues to reach its all-time high, the $ 12,000 mark. At the moment, we will only focus on the $ 10,000 level as the next resistance, as we are still below it.
Bitcoin climbed 2.9% to $ 9204, at 09:04 am GMT, after rising yesterday to $ 9385, the highest level since May 2018.
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