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Bitcoin (BTC) on the brink of $9000 return

  • Bitcoin holding gains of over 7% in the latter part of Tuesday.
  • BTC/USD broke out and retested a pennant pattern via the 60-minute chart view. 
Bitcoin (BTC) on the brink of $9000 return
Ken ChigboKen ChigboIndependent Analyst

Bitcoin price has further pushed north trading around session highs, as the bulls close in on the $9000 price mark.

Price action via the 60-minute broke out and retested a pennant structure, leaving the door open to further upside momentum.

Looking north, there is little in the way of resistance until the psychological $10,000 mark, should the bulls crack and hold $9000.

BTC/USD 60-minute chart

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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