RATE Group | Bitcoin Price Posts Best Weekly Close of 2019 as $11.5K Now Resistance
57774
post-template-default,single,single-post,postid-57774,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 Price Posts Best Weekly Close of 2019 as $11.5K Now Resistance

12 Aug Bitcoin Price Posts Best Weekly Close of 2019 as $11.5K Now Resistance

Posted at 09:03h in Bitcoin News by

[ad_1]

Bitcoin (BTC) price succeeded in hitting its highest weekly close of 2019 last week, further dispelling fears of a fresh price breakdown.

Market visualization

Market visualization. Source: Coin360

Another price milestone for Bitcoin 

Data from Coin360 put BTC/USD trading at around $11,360 as of press time on Aug. 12. The largest cryptocurrency finished the week closer to $11,500 on some exchanges, marking its best effort of the year. 

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Coin360

Odds had been high that Bitcoin could surpass its 2019 weekly close record, with analysts last earlier hoping the rest of the week would not see any downward pressure. 

Josh Rager, the regular commentator currently tracking daily BTC price movements, had given $11,474 as the target to beat to net the 2019 high.

“Short term support flipped back to resistance on lower time frames,” he noted in a fresh update on Sunday, as the price closely circled that level.

Compared to seven days ago, Bitcoin traders have only seen modest losses…

[ad_2]

Source link

Tags:
, , , , , , ,