Bitcoin prints above 9K again as sentiment turns bullish again. The bulls will need to target the previous wave high of 9900.31 to keep the bullish trend going. BTC/USD daily chart In general, the crypto maker is performing well on Wednesday as Bitcoin trades just over 3.5% higher on the session. BTC/USD once again pushed past the 9K mark after retracing to find support at 8637.26 on Monday. From a technical perspective, the price is still in an uptrend but the key resistance is still the wave high of 9900.31. The indicators are showing a mixed picture, the Relative Strength Index (RSI) indicator has pushed above the 50 mid-point which is a bullish sign. Conversely, the MACD signal lines and histogram are still below the zero line. The 55 and 200 moving averages are under the price and could provide support in the future which is positive. This is still technically a bullish trend but the momentum has died down somewhat recently. The only issue is the volume behind the move, there seems to be a distant lack of volume and a break would need more backing to be considered firm. Additional levels 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 US Diplomat Stilwell: Appears Beijing is using coronavirus to accelerate political agenda, including on Hong Kong FX Street 3 years Bitcoin prints above 9K again as sentiment turns bullish again. The bulls will need to target the previous wave high of 9900.31 to keep the bullish trend going. BTC/USD daily chart In general, the crypto maker is performing well on Wednesday as Bitcoin trades just over 3.5% higher on the session. BTC/USD once again pushed past the 9K mark after retracing to find support at 8637.26 on Monday. From a technical perspective, the price is still in an uptrend but the key resistance is still the wave high of 9900.31. The indicators are showing a mixed picture, the Relative Strength… 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.
