Bitcoin Eyes $9K After Biggest Single-Day Rise in a Month
Bitcoin jumped sharply on Tuesday, violating key resistance and opening the doors for a test of a widely followed technical line above $9,000.
Bitcoin violated crucial resistance near $8,460 on Tuesday, strengthening the case for a rise to the 200-day average at $9,100.
The pullback seen in the last 12 hours or so lacks volume support and could be short-lived.
Acceptance under Tuesday's low of $8,100 would abort the short-term bullish bias. Indicators, however, are reporting strong bullish momentum, so a drop below $8,100 looks unlikely.
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