Bitcoin Eyes $9K After Biggest Single-Day Rise in a Month
Tuesday's sharp rise looks to have put bitcoin on path toward the 200-day average at $9,100.
Noelle Acheson warns of the consolidating power of crypto custodians, and the influence this could have on asset prices.
Bitcoin's dramatic overnight fall from $9,200 is telling a tale of buyer exhaustion.
Bitcoin's case for a rally to $10,000 over the next few weeks looks stronger with the weekly MACD histogram about to turn bullish for the first time in five months.
Bitcoin's bulls have failed to make a solid move above $9,000, having briefly topped the psychological resistance level earlier on Friday.
Bitcoin's bulls are showing signs of exhaustion, having engineered a speedy rally to $8,900.