Bitcoin prices analysis: Can BTC/USD stay above $8,650?

in bitcoin •  7 years ago 

qBTeKoda.png

After a sharp decline, the BTC/USD pair has reached its first resistance at $8,650. In order to move towards $9,200, it needs to consolidate above $8,650. Failure to do so could rapidly bring the pair down to $8,200.

Consensus 2018, a three-day conference dealing with all matters related to crypto and blockchain starts tomorrow. Bitcoin price has risen following Consensus for each of the past three years.

I opened a long position at $8,250 with stop-loss order at $8,450 that I will update in the next few hours.

For Educational Purposes Only.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

@vanderbeurze, congratulations on making your first post! I gave you an upvote!

Please give me a follow and take a moment to read this post regarding commenting and spam.
(tl;dr - if you spam, you will be flagged!)