Bitcoin Price Key-Level Collapse Won’t Hurt $42,000 December Run

2019-7-24 14:06

The bitcoin price collapsed as low as $9,574 on Wednesday, sliding back below the psychological $10,000 barrier again. Traders have repeatedly failed to hold the $10k level suggesting that bears have taken hold of the market for now.

Technical analysts expect bitcoin to fall further before buying pressure returns. The longer-term horizon, however, is a […]

The post Bitcoin Price Key-Level Collapse Won’t Hurt $42,000 December Run appeared first on CCN Markets

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$ 70105.37 (-0.46%)
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bitcoin price run hold december won key-level

Источник: ccn.com

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Фото:

Bitcoin reveals a rare bullish cycle bottom signal before bouncing as futures bears tighten their grip

Bitcoin is flashing its most oversold signal on record amid its continued price struggles in this current macroeconomic environment and persistent exchange-traded fund (ETF) outflows. According to CryptoSlate data, BTC's price dipped to around $62,700 over the last 24 hours, while its weekly relative strength index (RSI) printed roughly 25.

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The Bitcoin market has seen a horrific tale over the week, with the price recording a downturn of more than 12%. As the flagship cryptocurrency tests its $77,000 price support, data from recent on-chain analysis has been put out, which suggests that investors might have more concerns in the near-term. Related Reading: Bitcoin MVRV Z-Score […]

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