Bitcoin has been forming a sideways price trend of around $9,700 over the last three days. This can be considered bad news for the first cryptocurrency, as for the optimistic scenario the coin had to consolidate above $9,800 to open the door for testing the round psychological level $10K with subsequent attempts to grow up to $10,500. Overcoming this level will be an essential signal for the markets, as it will confirm the breaking of the global downtrend, passing through the peak of December 2017, mid-2019, and February 2020.
Whales continue to enjoy low commissions. According to WhaleAlert, almost 15K bitcoins were transferred with a commission of only $0.3, which by any standards is virtually free.
The FxPro Analyst Team
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies