BTC/USD bulls pushed the price above the critical resistance level. The next important target is created by SMA50 daily. Bitcoin (BTC) moved above $9,000 to trade at $9,051 at the time of writing. The first cryptocurrency is moving with strong bullish momentum after a sustainable break above an important technical level. BTC/USD has gained over 3.5% since the beginning of Thursday and about 1% on a day-to-day basis. BTC/USD: Technical picture Bitcoin has created a nice green candle on a daily chart, that took the price above the critical resistance level. The coin used $8,700 support (SMA200 daily) as a jumping-off ground to develop the upside momentum, which is now gaining traction. The next bullish barrier now comes at $9,250, which is created by a combination of SMA50 daily and 23.6% Fibo retracement for the downside move from July 2019 high to December 2019 low. Once it is out of the way, the upside is likely to gain traction with the next focus on $9,600 and, ultimately, $10,000. On the downside, if the price slips back below $9,000, the bears will wrestle out the control over the situation very quickly. This development will serve as a major blow for the market sentiments as traders will interpret it as a sign of underlying weakness. The next important support comes at $8,700, which is followed by $8,300. BTC/USD daily 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 Top 3 Price Prediction Bitcoin, Ether, Ripple: Fresh bullish attempt pointing to the moon FX Street 3 years BTC/USD bulls pushed the price above the critical resistance level. The next important target is created by SMA50 daily. Bitcoin (BTC) moved above $9,000 to trade at $9,051 at the time of writing. The first cryptocurrency is moving with strong bullish momentum after a sustainable break above an important technical level. BTC/USD has gained over 3.5% since the beginning of Thursday and about 1% on a day-to-day basis. BTC/USD: Technical picture Bitcoin has created a nice green candle on a daily chart, that took the price above the critical resistance level. The coin used $8,700 support (SMA200 daily) as a… 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.