From our previous Bitcoin analysis: “As of now, looks like another consolidation around this level before breaking it up. Seems like it won’t be easy.”
After 48 hours of consolidation near the $9,000, Stochastic RSI has crossed at its low levels – a positive sign that could lead a bullish move breaking up the $9K resistance level, the last time it crossed was five days ago (marked in yellow circles).
As mentioned before, Next target levels are the $9,400 resistance before reaching the $10,000 resistance mark. From below – the $8,400 resistance turned support and $8,000.
BTC/USD BitFinex 4 Hours chart
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