Bitcoin Surges to 12 month High
According to Tradingview Bitcoin touched $8,940 a couple of hours ago before a slight pullback. It is the highest price BTC has traded at for over a year. The last time Bitcoin was anywhere near $9,000 was in early May 2018.
The move started a few hours ago when Bitcoin surged from an intraday low of $7,930 to top out over $8,900 in an epic 12 percent pump. Daily volume has cranked up to almost $30 billion and BTC market capitalization is at $155 billion, more than the entire crypto cap was just two months ago in March.
Thing are massive bullish right now and there is no need to fight it or try to predict a pullback. But, when they do, here is what i see. A move to 9500, rejected hard. Then a big pullback to some ema and Fib support. Consolidate for a little while,#BTC
According to Tradingview Bitcoin touched $8,940 a couple of hours ago before a slight pullback. It is the highest price BTC has traded at for over a year. The last time Bitcoin was anywhere near $9,000 was in early May 2018.
The move started a few hours ago when Bitcoin surged from an intraday low of $7,930 to top out over $8,900 in an epic 12 percent pump. Daily volume has cranked up to almost $30 billion and BTC market capitalization is at $155 billion, more than the entire crypto cap was just two months ago in March.
Thing are massive bullish right now and there is no need to fight it or try to predict a pullback. But, when they do, here is what i see. A move to 9500, rejected hard. Then a big pullback to some ema and Fib support. Consolidate for a little while,#BTC
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