RATE Group | Bitcoin break above $10,000 imminent even as Ethereum longs surge
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Bitcoin break above $10,000 imminent even as Ethereum longs surge

18 May Bitcoin break above $10,000 imminent even as Ethereum longs surge

Posted at 13:27h in Bitcoin News by

Here is what you need to know on Monday

Markets:

Bitcoin bulls are still focused on breaking the resistance at $10,000. The weekend session was characterized by increased selling pressure. For instance, a bearish price action confirmed the support at $9,500 before the Asian session on Monday turned bullish. BTC/USD has advanced higher by 2.14% on the day; from the opening value of $9,672 to $9,874 (market value). An intraday high was reached at $9,957 (marking the end of the brief bull-run. At the time of writing, the trend has started to turn bearish once again while the volatility remains high.

Read more: Bitcoin Price Analysis: BTC/USD on verge of breaking $10,000 resistance

As reported earlier, Ethereum is among the biggest single-digit gainers of the day. The second-largest cryptocurrency has corrected upwards from $207 (opening value) to $216 (prevailing market value). Ether’s trend is strongly bullish and coupled with the high volatility, the…

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