Bitcoin has made a bullish exit, prepare for a potential rise!
Bitcoin has made a bullish exit from our long term descending resistance-turned-support line which is a strong signal that a rise could occur from here. Our first major support is at 8587 (breakout level) and our next major resistance is at 9848 (Fibonacci retracement, horizontal pullback resistance).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results