Bitcoin remains within the established range of the last 6 days. Over the past 24 hours, the cryptocurrency has lost just over a little more than a per cent and traded around $10,200. The difficulty of BTC mining in the last 8 days remains at the level of a historical maximum of 10.1835T, which is a harbinger of price growth for the network.
Technical analysis shows that Bitcoin is in the triangle, gathering strength for a breakthrough. Often, the consolidation is followed by the dynamics in the size, as before the consolidation, which may indicate the prospects of asset growth up to $18.5K. Excellent news for Bitcoin maximalists, and extremely negative news for the holders of altcoins, because the recent Bitcoin rally was largely fed by the money from the sale-off of alternative cryptocurrencies.
The FxPro Analyst Team
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies