RATE Group | Bitcoin stays flat above $9,000
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Bitcoin stays flat above $9,000

02 Nov Bitcoin stays flat above $9,000

Posted at 15:22h in Cryptocurrency News by

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  • Bitcoin extends sideways grind below the $10,000 mark.
  • Ripple remains indecisive, trades a little below $0.3.
  • $200 mark continues to act as a significant resistance for Ethereum.

Following the rally witnessed in the last week of October, major cryptocurrencies have gone into a consolidation phase as investors are waiting for the next significant driver for the cryptocurrency markets. 

Top-3 coins price overview

Bitcoin (BTC/USD) failed to preserve its bullish momentum after spiking to $10,500 area on October 26th and has been moving in a tight channel above the $9,000 this week. As of writing, the BTC/USD pair was down 0.3% on a daily basis at $9,225.

On the daily chart, the Relative Strength Index (RSI) indicator for the pair continues to move sideways near the 60 mark, suggesting that the pair is likely to remain bullish/neutral in the near-term. On the upside, $10,000 (psychological level/Fibonacci 61.8% retracement of June rally/October 28th high)…

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