We still see Bitcoin moving higher and believe it has upside potential as it can be seen as a hedge to the economic potential economic disaster caused by the coronavirus. However, in the first instance we would want the cryptocurrency to consolidate above key resistance at $7091 before the targeting the next resistance level at around $9000 and are encouraged by it's stability over the past few trading sessions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.