It is currently running near the upper limit of the cryptocurrency quote Bollinger Band Indicator Bar. This indicates the existence of a bullish tendency for bitcoin. Cryptocurrency is traded above the moving average with the quotation of 55.
It is doing business at Cryptocurrency Bitcoin (BTC / USD) 8946.40. Further, a higher trend can be developed with a target near the 9900.50 level. This level is expected from a test of 8550.20, so that one should expect an effort to continue development.