Pullback Over? Bitcoin Retakes $9K, Eyes Further Gains
Pullback Over? Bitcoin Retakes $9K, Eyes Further Gains
XBT/USD: $ 7878.9
XBT/EUR: € 7045.6
ADA/USD: $ 0.080885
ADA/EUR: € 0.072174
BCH/USD: $ 405.2
BCH/EUR: € 363.4
EOS/USD: $ 6.0339
EOS/EUR: € 5.3935
ETH/USD: $ 245.67
ETH/EUR: € 219.87
LTC/USD: $ 89
LTC/EUR: € 79.72
XLM/USD: $ 0.125
XLM/EUR: € 0.112015
XRP/USD: $ 0.38013
XRP/EUR: € 0.34155
28.04.2018
Share the news

Having recovered from a five-day low hit yesterday, bitcoin (BTC) has potential for a move higher towards major resistance at $9,880, the technical charts indicate.

The cryptocurrency moved back above $9,000 in the Asian hours after the pullback from the recent high of $9,767 ran out of steam around the ascending (bullish) 4-hour 50-candle moving average (MA).

As of writing, BTC is trading at $9,251 on Bitfinex, representing marginal losses over the previous day's close (as per UTC) of $9,270.

A bearish follow-through to Wednesday's bearish outside-dayreversal would have been bad news for the bulls, but BTC instead appreciated by 4.5 percent on Thursday, keeping them in the game. Had BTC closed yesterday below $8,765 (Wednesday's low), the bears would have had the upper hand for the short-term.

More information: www.coindesk.com