Sentiment has also turned bearish on this cryptocurrency pair, which is positioned for a more massive correction on the back of expanding breakdown pressures. While it remains premature to properly.
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Bitcoin and gold should benefit from this long-term underlying theme. — Alex Krüger (@krugermacro) August 18, 2019. Said disaster, should it hit, will be bullish for Bitcoin and gold. Even the narrative itself, per the analyst, will be a boon for the two assets, widely regarded as two iterations of the same concept. Bitcoin, a Hedge Against Risk
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Bitcoin price is encouragingly posting higher lows while being rejected by the $10,000 level suggests that more downside.
Bitcoin jumped above $9,500 in midday Thursday trading. The gains sustained on safe-haven bids Friday as tensions between the.
The weekly candle chart for the Bitcoin shows it’s currently trading above high time frame resistance of $9,300, having.
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Holding Strong – Failed Price Breakdown a Boon for Bitcoin Bulls. Bitcoin has witnessed decent two-way business in the last 24 hours. A drop below $8,000 during the Asian day was quickly undone and the world’s largest cryptocurrency by market value once again approached record highs, hitting $8,333 this morning. At press time, bitcoin is changing hands at $8,228, according to CoinDesk’s.
Bitcoin’s decline comes after bulls tried and failed on multiple occasions to break the heavy selling pressure that exists.