RATE Group | Bitcoin sits above $7,000 as the trading range is narrowing
70057
post-template-default,single,single-post,postid-70057,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 sits above $7,000 as the trading range is narrowing

27 Nov Bitcoin sits above $7,000 as the trading range is narrowing

Posted at 07:55h in Cryptocurrency News by

[ad_1]

  • Bitcoin (BTC) is trading marginally above $7,000 during early Asian hours.
  • Altcoins retain range-bound bias amid low trading activity.

Cryptocurrency market recovery stalled. Bitcoin and all major altcoins are mostly range-bound during early Asian hours. The market is a mixture of red and green, as there are no clear price patterns at the moment. The total cryptocurrency market capitalization settled at $196 billion unchanged from this time on Tuesday; an average daily trading volume decreased to $66 billion. Bitcoin’s market share settled at 66.2%.

Top-3 coins price overview 

BTC/USD has settled above $7,000 to trade at $7,070 at the time of writing. The first digital asset has stayed in a tight range since Tuesday as the recovery stalled on approach to $7,350 resistance. Currently, the nearest support comes at psychological $7,000, reinforced by the upper line of 1-hour Bollinger Band. A sustainable move above this barrier will trigger further sell-off…

[ad_2]

Source link

Tags:
, , , , ,