RATE Group | Bitcoin Is Poised For Sudden, Major Move
68967
post-template-default,single,single-post,postid-68967,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 Is Poised For Sudden, Major Move

17 Nov Bitcoin Is Poised For Sudden, Major Move

Posted at 21:27h in Cryptocurrency News by

[ad_1]

Bitcoin has been trading sideways for almost a month now, with the bitcoin price dropping sharply at the end of September from its previous plateau of around $10,000 per bitcoin.

The bitcoin price has been hovering around $8,000 since the hotly-anticipated Bakkt bitcoin trading platform went live with underwhelming volumes.

Now, it seems the bitcoin price, which has dropped by almost 50% from its year-to-date high of $14,000 per bitcoin, might be about to make a major move.

Earlier this week, a closely-watched bitcoin technical indicator showed the bitcoin and cryptocurrency market could be poised for a sudden price swing, though it’s not clear which way it will go.

The difference between bitcoin’s upper and lower band in the so-called Trading Envelope indicator is at its narrowest since mid-September, it was first reported by Bloomberg, a financial newswire.

A similar…

[ad_2]

Source link

Tags:
, , , ,