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BTC challenges 9-9.5K resistance making new 7-month highs vs S&P 500

May 6, 2020 • 2 Min Read
Author
Robert Sluymer
Robert Sluymer

A pause for most Alts but BTC remains resilient, challenging 9.5K heading into its halving - Most cryptocurrencies paused or pulled back over the past week after rallying into resistance bands with short-term momentum peaking at overbought levels. BTC also paused but has been impressively more resilient notably over the past two days, challenging resistance between 9-9.5K as the widely anticipated May 12 halving draws near. 

So what to do? While the debate regarding how BTC will react to its halving rages, our recommendation remains straight forward based on BTC’s current technical setu...

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