Bitcoin starts the week with a gap
New day, new week and a new start for the cryptocurrency market. Bitcoin has opened with a gap as the price surged from from the previous close at $8187.80 to $8524.20. Level to watch on the breakout is $8241.43 as it will probably be tested from the price to cover the gap before making any attempts to continue the any moves up. Currently the price is slipping under the 200H moving average and may fail there depending on how the price would react to make the move to cover the gap and of course when will this happen. The gap may be covered today, tomorrow or in the next weeks.
Expect the daily recap as we are reinstating the Cryptocurrency category.