long-term descending line) or to the bearish side (Tether is likely to cause significant damages to the crypto industry). With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities. From now on, we will analyze the BitStamp Bitcoin USD chart. Bitcoin is testing the long-term descending trend-line, which started somewhere around March this year when Bitcoins price was about 11,700. However, the authority announced on the 20th of September, that it needed more time to make a decision. Check out the Global Coin Report talk show as we address all the highlights bitcoin wertverlauf in crypto and the financial markets. A defense of the crucial support would be encouraging, however, a bullish reversal would be confirmed only if BTC ends a series of lower highs with a move above 7,400. This, in turn, pushed the SEC decision to late December. Monthly chart, as can be seen above, the 5- and 10-month EMAs produced a bearish cross last month for the first time since 2014, meaning the bears are already in control here. Btcusd Short-term Trend: Bullish, bitcoin Chart by Trading View, on the short term trend, the price of Bitcoin wass fluctuating above the 6,200 price level for the fifth day before the outcome of the bullish breakout.
Next support lies at 6250 and after is 6100. Btcusd pair was above the 6,600 price level. Some will say its business as usual, others will say that yesterday is a turning point.
The price action suggests that the bears have likely run out of steam and BTC may have carved out a bottom close to 6,000. Hence, a close below the 21-month EMA will likely prove costly. For the latest cryptocurrency news, join our. The news went to state that the firm was focusing on custody services that will bring the much-needed funds to the industry. Therefore, the challenge of storing large volumes of cryptocurrencies is left to Bakkt which is regulated and has all the necessary licenses. The cryptocurrency had a bullish forex free ma trend that reached the high of 7,695.82 but the price pulled back to the low of 6,817.69. A Recap Of September FUD and ETF Anxieties.
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