@kajollera
On August 5, as reported by Coinidol.com, the largest cryptocurrency fell to a low of $49,130, but bulls took advantage of the dip. Bitcoin has corrected upwards but was stopped by the moving average lines or the barrier at $63,000. The rebound has pushed it back to the middle of the price range.
The cryptocurrency is now above the $53,000 support and below the $63,000 resistance level. Bitcoin will be trapped in its range for a few days. If buyers keep the price above the moving average lines, the cryptocurrency will resume its positive trend. The largest cryptocurrency will rise and return to the psychological price threshold of $70,000.
On the other hand, a further decline of the cryptocurrency is unlikely as Bitcoin is moving in a range. Bitcoin is currently valued at $59,358.
0 reply
0 recast
0 reaction