Bitcoin Price Rallies 3.7 Percent to Hit Two-Month High
The price of bitcoin (BTC) has risen once again after a successful launch of CME’s bitcoin options.
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.
Bitcoin's dramatic overnight fall from $9,200 is telling a tale of buyer exhaustion.
Tuesday's sharp rise looks to have put bitcoin on path toward the 200-day average at $9,100.
A bitcoin chart indicator is about to turn bearish for the first time since June 2018, but should have little effect on prices.