RATE Group | BTC/USD buyers’ focus stays on $9,000 – Confluence detector
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BTC/USD buyers’ focus stays on $9,000 – Confluence detector

11 Oct BTC/USD buyers’ focus stays on $9,000 – Confluence detector

Posted at 06:25h in Bitcoin News by

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  • The creator of Megaupload believes that the financial system is rotten and Bitcoin and crypto are the only sources of true financial freedom.
  • Bitcoin price only needs a push above the bump at $8,628 to pave the way for an impressively smooth ride towards $9,000.

Bitcoin price is mundanely stuck in the range between $8,500 and $8,600. The correction from Wednesday’s high around $8,712 tested the range support but the high congestion of buyers at the range support cushion the losses. On the upside, movement has been capped under $8,600.

Read also: Bitcoin price analysis: BTC/USD consolidating in a flag pattern

Elsewhere, Megaupload creator Kim Dotcom believes that crypto can bring “true financial freedom.” He argues that he is getting resistance for the launch of his token by the same US government that is printing trillions of “dollars without any value backing it.”

He advocates for Bitcoin and crypto saying:

“All the traditional financial…

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