Day: August 10, 2019

Bitcoin (BTC) Price Approaching Next Crucial Break: $11,500 Holds Key

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Bitcoin price is still struggling to gain bullish momentum above the $12,000 resistance against the US Dollar. The price is likely setting up for the next break either above $12,000 or towards $11,500. There is a new contracting triangle forming with resistance near $11,920 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to accelerate higher once it clears the key $12,000 resistance level. Bitcoin price is trading in a crucial range below $12,000 against the US Dollar. BTC price could either rally…

Cryptocurrency Market Sees Red as Bitcoin Still Struggles Under $12,000

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Friday, Aug. 9 — Bitcoin (BTC), Ether (ETH) and XRP are slumping along with the rest of a largely red cryptocurrency market. Market visualization. Source: Coin360 Bitcoin is trading at$11,910 at press time, with approximately a 1.16% loss on the day. Bicoin has broken $12,000 three times this week, but has lost traction at or above that price point. Nonetheless, some BTC bulls are saying that the current market conditions indicate only a temporary setback for its inevitable surge beyond the previous all-time high. Serial VC investor Tim Draper commented:…