17.06.201910:14 Forex Analysis & Reviews: Bitcoin. Up to 10000 USD one step

Before the test level of 10000 USD is quite a bit, and just now is the formation of a technical model for the breakthrough of the resistance of 9350.

At the weekend, it became known that the Governor of the State of Nevada Steve Sisolak signed a bill regulating the cryptocurrency, which is another confirmation of the development of the industry. The state of Nevada will now be considered one of the foremost in this area.

Signal to buy Bitcoin (BTC):

Buyers of bitcoin have a new goal in the area of 9350 USD, however, to continue growth, it is necessary to keep above the support of 9,050. In the case of return under it, to open long positions will also be accepted at least 8760. The breakthrough of 9350 will update highs in the area of 9530 and 9800.

Signal to sell Bitcoin (BTC):

I do not recommend opening short positions in bitcoin in the current conditions, as a new wave of growth may occur in the near future. Large resistance levels can be seen in the area of 9530 and 9800, where it will be possible to observe the profit taking in long positions, which will necessarily lead to a downward correction. The task of the bears is to break and consolidate below the support of 8760, which will increase the pressure on bitcoin and lead to lows of 8480 and 8190.