Bitcoin Price Breaks Above Key Resistance Levels as Bulls Target $8.6K
Horus Hughes's original article for cointelegraph.com reduced by 72%
Bitcoin price has at last crossed above the $8,300 resistance, setting the digital asset up for a run at $8,500 and restoring bullish momentum to the current uptrend which has seen the price rise from $7,655 to $8,483 over the past week. "Bitcoin price is currently consolidating above resistance and the most significant volume node on the visible profile visible range, or VPVR. If Bitcoin can complete bullish consolidation above $8,000, a measured move to the upside would take the price of Bitcoin to the top of the previous range at $9,500 and possibly as high as the next high volume node of $10,100." Currently, Bitcoin price is above the 200-day moving average and the most recent price action suggests that $8,000 will function as strong support.
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CN [too long; didn’t read]
Summarised crypto news.