Bitcoin breaks bear trend

13 Nis 2018

It still needs to break the structure of lower lows and lower highs before one can become confident that the rally will be sustained. The most recent swing high is at around $9200. A clean break above this level would thus be a bullish development. For now, bullish market participants need to remain very open minded and treat this bounce with a degree or two of caution i.e. ‘guilty until proven innocent’ rather than ‘innocent until proven guilty’.