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Bitcoin is finally moving past $9000

Written by  May 27, 2020

We have all been waiting patiently (well most of us!) for Bitcoin to show something other than sideways movement for days.

There was concern over a lack of volatility and possible move down to support at $8500.

But that has not happened and the fears of a drop are proving to be untrue.

Now it's above $9000 and rising and not slowing down at least for now.

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The previous support and resistance levels were at $9300 and $9500 which still apply.

If the level of $9300 is breached then $9500 it could well continue to rise further, but this is more out of hope than expectation at this stage.

I would expect some degree of resistance before these levels are reached.

If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.

Do you find this article useful? Comment below or follow us on Facebook or Twitter.

Peter Flynn

Senior Editor and self confessed Crypto addict, bringing a variety of Crypto tech news, help and advice in the UK. I have worked in various fields throughout my career such as a Systems Administrator, Cyber Security Consultant and other technical related roles, these days I concentrate on Cryptocurrency journalism and technical writing.

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