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Addendum to previous headline on Bitcoin

16 Sep, 2020

In update a short while ago on Bitcoin it was noted here that the next resistance level was set at 11,217. That resistance level is based in a Fibonacci retracement objective. However, it should also have been noted; that there is also resistance in place at 11,100. This level was mentioned here earlier today and should have been repeated as a price point of potential resistance in the previous update. Bitcoin has so far stalled short of breaking this level as it rises to as high as 11,099 so far. Bitcoin is just now trading at 11,090

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Previous article

Bitcoin reclaims 11,000

16 Sep, 2020

The earlier session drop in the EUR/USD, to as low as 1.1810 did not have much of a negative impact on Bitcoin, as the price remained elevated above 10,950.

Next article

Bitcoin runs into a brick wall at 11,100

17 Sep, 2020

Bitcoin made a break of 11,000 yesterday evening and that move did deliver a modicum of upside price extension. However, and as noted here several times recently, the resistance at 11,100 was indeed a much tougher level to breach.