BTC/USD gained 3.6% on a daily basis and touched the highest level in two months. A sustainable movement above $8,000 will provide a strong stimulus for further growth. Bitcoin spiked to $8,000 handle for the first time since May 23 before retreating to $7.949 by the time of writing. The digital coin No. 1 gained 3.6% on a daily basis amid growing bullish momentum, supported both by technical and fundamental factors. Milder regulatory environment coupled with a convincing break through above key technical levels, including the long-term sloping trend line from May 5 peak at $11,645, creates favorable conditions for an extended upside. Once $8,000 resistance is broken, the upside may be extended towards $8,354 (61.8% Fibo retracement). That’s where a fresh selling interest may appear amid profit-taking on short-term speculative positions. On the downside, the support is created by 50.0% Fibo retracement at $7,862, strengthened by the above-mentioned trend line. The bulls control the situation as long as the price stays above this level. If it is broken, the downside correction may be extended towards $7,600 (100-DMA) and $7,300. BTC/USD, 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next JP Morgan’s Dimon: Worried US economy’s momentum could be derailed by Trump’s trade wars FX Street 5 years BTC/USD gained 3.6% on a daily basis and touched the highest level in two months. A sustainable movement above $8,000 will provide a strong stimulus for further growth. Bitcoin spiked to $8,000 handle for the first time since May 23 before retreating to $7.949 by the time of writing. The digital coin No. 1 gained 3.6% on a daily basis amid growing bullish momentum, supported both by technical and fundamental factors. Milder regulatory environment coupled with a convincing break through above key technical levels, including the long-term sloping trend line from May 5 peak at $11,645, creates favorable conditions… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
