KQMarkets

Bitcoin - Edging Towards Key Psychological Level

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin has finally risen above resistance at around $9000 and it now edging towards the psychological $10000. This is despite the recent Bitcoin rally fading after the golden cross which saw the 50 day MA move above the 200 day MA as we believe that the cryptocurrency can be seen as a safe haven in the current market environment.