Tag: 106K

TA: Bitcoin is Showing Early Signs of Fresh Increase, But $10.6K Is The Hurdle

boss

Bitcoin price started a fresh increase from the $11,260 low against the US Dollar. BTC must settle above $11,600 to continue higher towards $11,800 and $12,000. Bitcoin is showing a few positive signs above the $11,450 and $11,500 levels. The price is currently facing hurdles near $11,560, but it is above the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $11,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady upward…

Market Wrap: Bitcoin Regains $10.6K; High-Balance Ether Addresses Decline

boss

Bitcoin is recovering from Tuesday’s drop while there is a decrease in large-balance ether addresses. Bitcoin (BTC) trading around $10,651 as of 20:00 UTC (4 p.m. ET). Gaining 0.66% over the previous 24 hours. Bitcoin’s 24-hour range: $10,524-$10,683 BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians. Bitcoin trading on Coinbase since Oct. 5.Source: TradingView Bitcoin’s price is making gains Wednesday, recovering from a spate of selling Tuesday that coincided with U.S. President Donald Trump’s tweet calling off stimulus negotiations with lawmakers. Bitcoin…