- Bitcoin is traded 4% higher, with sentiment becoming positive on Thursday.
- Bitcoin respects Fibonacci theories very well at the moment and is displayed in the chart.
1 hour BTC / USD chart
Market sentiment is getting better today.
Bitcoin has pushed higher against the dollar which is also struggling in the FX world.
On the chart below, the price found resistance to the 1.618% extension which corresponded to the 50% retracement.
On the daily chart, 9,280.98 is a resistance level to watch too.
The price is still technically in a downward trend on the higher delays but on the hour, there is some promise as the waves make lows and highs higher.