Bitcoin Price Is Around $11,700 Now, BTC on Pause

Bitcoin Price Is Around $11,700 Now, BTC on Pause
фото показано с : coinspeaker.com

2020-8-6 16:09

Coinspeaker
Bitcoin Price Is Around $11,700 Now, BTC on Pause

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex.

Bitcoin price nowBTC will be accepted in hotelsA Switz bank will start working with the BTC

On W1, the BTC is developing an ascending wave after the breakaway of the long-term resistance line, which also changes the long-term technical picture. The quotations are aiming at the resistance line of the new channel – the level of $14605 USD. Further growth is supported by Golden Crosses on the MACD and Stochastic. We may forecast that after the current goal is reached, the market will pull back to the support level of $9680 USD, which will be a “test from above” meant for securing on the positions and further development of the uptrend.

Photo: RoboForex / TradingView

On D1, the uptrend stopped for a short-term correction. This is confirmed by a divergence forming on the MACD. The quotations are squeezed in a Triangle between the support and resistance levels: $10800 USD and $11885 USD, respectively. The price may break away either of these borders, but judging by the ascending dynamics of the MACD, after a Golden Cross, we should expect a breakaway of the resistance line and growth to $13400 USD.

Photo: RoboForex / TradingView

On H4, we can see the correctional phase after a divergence on the Stochastic in more detail. The current test of the upper border of the Triangle in the short term may end in a bounce and a decline to the lower border of the pattern.

Photo: RoboForex / TradingView 

The Agoda platform, which is a part of the Booking service, has announced a partnership with a tourist platform Travala, which is already working with cryptocurrencies. The partnership looks appealing to all sides, especially users. After the partnership comes into force, cryptocurrencies will be accepted in some 600,000 hotels of more than 200 countries. Payments will be available not only in the BTC but also in the ETH and more (over 25 cryptocurrencies on the list).

The closer cryptocurrencies are to real life, the clearer and better their perspectives. And what can be closer to reality than a vacation?

The banking sector is also stepping forward. For example, Basler Kantonalbank will let clients store cryptocurrencies on the deposit starting 2021, and later trade cryptocurrencies via its subsidiary. The company is Bank Cler, and it has all the necessary instruments. This is the first time in Switzerland when work with cryptocurrencies is officially supported by the state.

For work with cryptocurrencies to be smooth and predictable, digital money must first get into the center of the digital competence of Bank Cler. Clients will access such functions only after successful tests.

Bitcoin Price Is Around $11,700 Now, BTC on Pause

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 98124.88 (-0.40%)
Объем 24H $103.991b
Изменеия 24h: 4.00 %, 7d: 11.82 %
Cегодня L: $98033.78 - H: $98124.88
Капитализация $1941.456b Rank 1
Цена в час новости $ 11876.98 (726.18%)

btc bitcoin price around 700 pause new

btc bitcoin → Результатов: 126


Japan’s Metaplanet’s Bitcoin Holdings Rise to 530 BTC After Pulling Off Mind-Blowing Strategy

According to the latest announcement from Japanese investment firm Metaplanet Inc., its Bitcoin holdings have surged, rising to 530.717 BTC as of October 3. As revealed by the Tokyo-listed company, this increase in its Bitcoin bags was possible due to a smart options trading strategy, which led to the company earning more BTC and adding […]

2024-10-4 21:00


Фото:

Bitcoin STHs Supply Decreases By 1.31M BTC – A Sign Of Growing Confidence?

Bitcoin has remained above $60,000 for the past two weeks, holding strong as the broader crypto market bulges. This steady performance is fueling optimism among traders and investors alike.  According to key data from CryptoQuant, short-term holders are now selling for profit, leading to a notable decrease in BTC supply. This reduction in available BTC […]

2024-9-30 19:00


Bitcoin wallets dormant for 15 years move BTC after touching highs above $64,000

Satoshi era bitcoin wallets dormant since 2009, have moved 250 BTC to new wallet addresses The five wallets transferred BTC in batches of 50 coins each Bitcoin price traded around $63,500, having touched highs above $64,000 across major exchanges Several Bitcoin (BTC) miner wallets dormant for over 15 years have moved 250 BTC worth over […] The post Bitcoin wallets dormant for 15 years move BTC after touching highs above $64,000 appeared first on CoinJournal.

2024-9-21 12:46


Bitcoin Preparing for a Bullish Phase – New Cryptos to Hold During BTC Expansion

Despite the current bearish market sentiment, many seasoned analysts believe that Bitcoin (BTC) could soon break the $60k psychological barrier and lead the wider market into a bullish phase. The reason for this was explained in a recent post by Bitcoinsensus, suggesting that BTC whales are trying to position themselves for the next bull run.

2024-9-5 17:30