Title: [2019-06-04] Long-Term Support Level May Struggle to Revive Bitcoin Price Rally Post by: _Django05_ on June 04, 2019, 01:43:54 PM
Bitcoin’s (BTC) price pullback seems to have stalled near historically strong support, but a bounce, if any, could be shallow. The cryptocurrency market leader dived below $8,000 in the Asian trading hours today and almost tested the crucial 30-day moving average (MA) support, currently at $7,707, according to Bitstamp data. https://www.coindesk.com/long-term-support-level-may-struggle-to-revive-bitcoin-price-rally https://static.coindesk.com/wp-content/uploads/2018/03/bitcoin-mining-miniature-860x430.jpg Title: Re: [2019-06-04] Long-Term Support Level May Struggle to Revive Bitcoin Price Rally Post by: CryptoBry on June 04, 2019, 01:58:42 PM So the expected jump to the $9,000 zone was kinda short-lived as we are right now experiencing a pullback and there can be a chance that bitcoin can go lower that its price today. However, bitcoin is bitcoin so we may see unexpected push upwards within this week. We should be taking this time as an opportunity to add more and for those wanting to enter the bitcoin club to do it now while price is cheaper...before it gonna run towards the $9,000 level and beyond. Title: Re: [2019-06-04] Long-Term Support Level May Struggle to Revive Bitcoin Price Rally Post by: Slow death on June 04, 2019, 03:12:44 PM this has become news on all news channels:
Bitcoin Drops Below $8K, Stocks See Volatility Amid Global Trade Tensions (https://cointelegraph.com/news/bitcoin-drops-below-8k-stocks-see-volatility-amid-global-trade-tensions) Bitcoin Price Flash Crashes to $101 CAD on Kraken, Increasing Concerns About Price Manipulation (https://bitcoinexchangeguide.com/bitcoin-price-flash-crashes-to-101-cad-on-kraken-increasing-concerns-about-price-manipulation/) Until now the price is behaving very well. |