RATE Group | Is Bitcoin Building Support Near $6,000?
39138
wp-singular,post-template-default,single,single-post,postid-39138,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,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
 

Is Bitcoin Building Support Near $6,000?

17 Aug Is Bitcoin Building Support Near $6,000?

Posted at 21:58h in Bitcoin News by

[ad_1]

Bitcoin prices have mostly been trading above $6,000 this week. Shutterstock

Bitcoin prices have been fluctuating within a reasonably well-defined range over the last week, trading primarily between $6,000 and $6,600.

The digital currency fell below this range on Tuesday, August 14, reaching as little as $5,900.38 on the CoinDesk Bitcoin Price Index (BPI).

However, Bitcoin quickly bounced back, only staying south of the $6,000 price level for a matter of hours, additional BPI figures show.

At the time of report, Bitcoin was trading at $6,482.92, near the top of its aforementioned weekly range.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Since Bitcoin has remained above $6,000 for much of the last week, some analysts took that to mean that the digital currency has been establishing price support.

Charles…

[ad_2]

Source link

Tags:
, , ,