RATE Group | Tron, Augur Surge 5% Ahead of Upgrades, $5,800 Imminent For Bitcoin?
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Tron, Augur Surge 5% Ahead of Upgrades, $5,800 Imminent For Bitcoin?

13 Oct Tron, Augur Surge 5% Ahead of Upgrades, $5,800 Imminent For Bitcoin?

Posted at 10:45h in Bitcoin News by

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bitcoin price

While Bitcoin (BTC) remains bear biased, Tron (TRX) and Augur (REP) recorded solid 5 percent gains against both BTC and the US dollar.

The volume of Bitcoin has failed to recover from the low $3 billion region, down more than 30 percent since late September. Subsequent to falling by around 4 percent from $6,600 to $6,250 within minutes, Bitcoin has struggled to initiate a speedy recovery.

$5,800 is Possible Support

Throughout the past nine months, even after massive sell-offs, BTC has been able to defend the $6,000 support level relatively well, rarely declining below it.

However, as cryptocurrency technical analyst Don Alt noted, if BTC drops below the $6,000 mark in the days to come, $5,800 is a possible target especially considering its low volume.

“Ugly daily close on BitMEX. The 4H is still at support and I generally don’t like shorting $6,00. That said this isn’t pretty, we need to crawl back above the daily resistance quick otherwise we might visit…

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