Olivia Taylor | May 13, 2019 | 9:48 AM
- 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
BTC/USD, D1 graph
Recommend brokers
| Website | Broker Rating | Cryptocurrencies Available | Trading Method | Fees | Location/ Licence | Visit |
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| Bitcoin, Bitcoin Cash, Ethereum, Litecoin & Dash | CFD and FX (capital at risk) | Free to join, competitive spreads | Australia / ASIC |
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| Bitcoin, Bitcoin Cash, Ethereum, Litecoin & Ripple | CFD & FX (capital at risk) | Free to join, fixed spreads | Australia / ASIC |
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| Bitcoin, Bitcoin Cash, Ethereum, Litecoin & Ripple | CFD and FX (capital at risk) | Free to join, competitive spreads | Australia / ASIC |
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