Bitcoin Price Watch – BTC/USD Rebounds to $8,900

Bitcoin Price Watch

On Tuesday morning, BTC managed to bounce back to $8,900 and reached its daily high of $8,952.90. The coin is trading at $8,545.10 as of 12 PM EST, which means it rebounded by approximately 20% over the past week.

Further Upside For BTC/USD

With the price movements observed recently, further upside is expected for BTC. Two major bullish trend lines (as shown in chart) were formed today, with the latter line continuing and moving toward a resistance level of $8,600. If this resistance holds, then the next move up could finally end up at the $9,000 …

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