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Bitcoin: Recovers to Reach Towards Highs

From dailyforex.com

Bitcoin markets have rallied a bit during the trading session on Thursday to show signs of life again. The market looks as if it is going to go looking towards the $58,000 level, and keeps an eye on the $60,000 level above that has offered quite a bit of resistance multiple times. It looks like we are going to go looking towards that area again. Ultimately, this is a market that should continue to be resilient, as there has been a lot of momentum coming into the market as far as institutional money is concerned.The $55,000 level has been supportive during the trading session and it now looks as if we are ready to go ... (full story)

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  • Category: Technical Analysis