Higher High Is In, Momentum Building Up (Resistance & Support)

٧ مايو ٢٠٢٠

We have a higher high for Bitcoin (XBTUSD) on the 4H timeframe, bullish momentum is building up.

If this continues, prices can jump.

Closing above the last peak can push prices to our next target.
The next target is marked on the chart at $10,2000 followed by ~$10,500.

Immediate support is found at $9481 followed by $9253.
The $8800 - $9000 price range can be considered strong support on this timeframe.

Namaste.