Bit-comment: Bitcoin remains on top
September 06, 2019 @ 10:19 UTC
Bitcoin remains on top of the previously achieved $10,700. The sideways trend is accompanied by a decrease in trading volumes, but within the next 24-48 hours, the dynamics of the cryptocurrency may find a new direction. Well-known crypto analysts, including DonAlt and Alex Kruger, have identified $10,800 as a critical level, the reaction to which will determine the dynamics of the benchmark cryptocurrency up to a month ahead.
In a broader perspective, based on the historical analysis of BTC prices, market participants come to the conclusion that against the background of the bullish market and the tendency of Bitcoin to more positive dynamics in October, the market can gather strength for a new breakthrough. The opposite is difficult to expect, as many times buyers do not allow Bitcoin to decline even below $9000.