BTC/USD stays in a tight range, capped by 38.2% Fibo. Barry Silbert from Digital Currency Group produced optimistic projections. Bitcoin is rangebound during early Asian hours on Thursday. The digital currency No.1 is having some rest after a head-spinning rally. BTC/USD is changing hands at $7,335, mostly unchanged since the beginning of the day and 1.5% lower since this time on Wednesday. Considering the subdued volatility and neutral short-term sentiments, the coin may stay calm for the rest of the day. Meanwhile, founder and chief executive officer Digital Currency Group Barry Silbert believes that Bitcoin has bottomed out and will climb higher. Speaking at the Delivering Alpha Conference in New York on Wednesday, he confessed that he had invested some money in Bitcoin this week as this asset class is here to stay. “This is a new infrastructure layer of the internet. It will replace what operating systems do. It is the future of the internet … This just isn’t about digital gold.” Bitcoin’s technical picture From the intraday perspective, $7,300 handle serves as the local support area. If the selling pressure proves to be strong enough to push the price lower, $7,216 (50-SMA, 1-hour chart) and ultimate $7,000 will come into focus. On the upside, BTC/USD needs to get back above $7,370 (38.2% Fibo retracemet) to get a chance to retest $7,500. BTC/USD, 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EU said to mull tariffs on coal, pharma and chemistry goods – WiWo FX Street 5 years BTC/USD stays in a tight range, capped by 38.2% Fibo. Barry Silbert from Digital Currency Group produced optimistic projections. Bitcoin is rangebound during early Asian hours on Thursday. The digital currency No.1 is having some rest after a head-spinning rally. BTC/USD is changing hands at $7,335, mostly unchanged since the beginning of the day and 1.5% lower since this time on Wednesday. Considering the subdued volatility and neutral short-term sentiments, the coin may stay calm for the rest of the day. Meanwhile, founder and chief executive officer Digital Currency Group Barry Silbert believes that Bitcoin has bottomed out and will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
