Cryptocurrency
Bitcoin Probes Major Resistance After 15 Percent Price Rally
As reported by CoinDesk, “A long-term bitcoin price resistance has come into play for the first time in two months. “The widely-tracked 100-day moving average (MA), currently located at $7,945, was breached in the early Asian trading hours, according to Bitstamp data. The move, however, ran out of steam at $8,000 and prices soon fell […]
As reported by CoinDesk, “A long-term bitcoin price resistance has come into play for the first time in two months.
“The widely-tracked 100-day moving average (MA), currently located at $7,945, was breached in the early Asian trading hours, according to Bitstamp data. The move, however, ran out of steam at $8,000 and prices soon fell back below the major hurdle.
“At press time, bitcoin is changing hands at $7,870 on Bitstamp, representing a 14.8 percent gain from Friday’s low of $6,853. The global average price, as calculated by CoinDesk’s Bitcoin Price Index, currently stands at $7,860 – up 4.6 percent on a 24-hour basis…”