KQMarkets

Bitcoin Long - Aiming for $10000

Long
BITFINEX:BTCUSD   Bitcoin
We are currently long Bitcoin and feel the cryptocurrency has stabilised somewhat from the surge in June and subsequent drop. Now we can see Bitcoin reaching the key $10000 psychological level in the next few days with support at the $9272 and resistance on the upside at $10779. Therefore we maintain our long position despite increasing regulatory pressure on cryptocurrency and the recent drop from nearly $14000.

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