RATE Group | Bitcoin fails to hit 10K but could make another push
88459
post-template-default,single,single-post,postid-88459,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin fails to hit 10K but could make another push

17 May Bitcoin fails to hit 10K but could make another push

Posted at 01:16h in Cryptocurrency News by

  • Bitcoin stopped just shy of the 10K mark.
  • Users are holding $220 million more Bitcoin since the halving.
  • BitGo is to provide custody services to Indian Crypto Exchange CoinDCX.

 

Bitcoin stopped just shy of the 10K mark.

Bitcoin has been trading higher as the sentiment continues to be strong following the recent halving event. The price hit a high of 9943.93 and currently trades 2.31% lower at 9713.04. There is lots of technical resistance at the 10K level and this includes the 50% Fibonacci resistance zone. 

Above the current price level, if the 10K resistance breaks, there is another resistance zone to keep an eye on at 10522.51. This level has been used more than three times and is the mean value area of the previous consolidation between 9K and 13868.44. 

Bitcoin fails to hit 10K

 

Users are holding $220 million more Bitcoin since the halving

In an article written by the Cointelegraph team, it was highlighted that there are a large amount of traders/investors…

Source link

Tags:
, , , ,