The bulls are in control as over 15% added on to the value of Bitcoin just in today’s trading session. $27 billion of Bitcoin has been traded in the last 24 hours across the exchanges. Bitcoin has increased 127% in the past 90 days. The Bitcoin price rise has made it storm past its 200-day moving average ($4,400).
Remember, when trading you can benefit from the price increases & decreases. You cannot benefit from price decreases if you simply buy Bitcoin through an exchange. With daily price swings of 5% this represents a new trading opportunity not seen in the market before.
More information on Bitcoin trading can be found here – Bitcoin Trading or alternatively sign up with a recommended Bitcoin broker below to get in on the action.
Bitcoin price rise to new 9 month high towards AU $10,000
Plenty of support at the AU $9,500 level to see further growth
Bullish uptrend likely in short to medium term
Strong Bitcoin price rise seen since the beginning of April 2019 due to strong bull support around the AU $9,500 resistance level. We recommend looking at investing around this area as further uptrend likely before any future corrections.
Remember, when trading you can benefit from the price increases & decreases. You cannot benefit from price decreases if you simply buy Bitcoin through an exchange. With daily price swings of 5% this represents a new trading opportunity not seen in the market before.
I can see the price rising to north of AU $12,000 before the end of the year. I would recommend getting on-board now and setting up your Stop Loss for AU $9,000.
More information on Bitcoin trading can be found here – Bitcoin Trading