Bitcoin Price Pushes Above $8.8K as Bulls Attempt to Reclaim $9,000 - Cointelegraph

Bitcoin daily price chart. Source: TradingView The daily chart shows Bitcoin en-route to setting a new daily higher high slightly above $9,200 and this point also aligns with the upper arm of the Bollinger band indicator.

Since July 16, 2019, this level functioned as strong support so if bulls are able to flip this resistance to support it would solidify Bitcoin’s trend reversal and significantly reduce the likelihood that the price will drop below $8,000 in the near future. Bitcoin daily price chart.

Timeline of Bitcoin