BTC/USD gained 5.8% on a daily basis and touched $8,470. 200-DMA at $8,633 comes into focus. Bitcoin is changing hands at $8,350, off the early Asian high at $8,472. The digital coin No. 1 has gained 5.8%% on a daily basis and mostly unchanged since the beginning of Wednesday. The capitalization of global cryptocurrency market is getting closer to $300B for the first itme since the beginning of June. Milder regulatory environment coupled with a convincing break through above key technical levels, including the long-term sloping trend line from May 5 peak at $11,645, creates favorable conditions for an extended upside. Crypto experts believe that the largest digital currency benefits from positive semtiments that returned to the market after an extended period of pessimism and regulatory jitters. Charles Hayter, CEO of CryptoCompare, says that we are witnessing the return of inner cryptocurrency market bull. “Bitcoin breaking $8000 without pullbacks is a very bullish sign. However, Bitcoin is now facing stiff resistance built throughout 2018 at the $8400 level,” Jon Pearlstone, publisher of the newsletter Cryptopatterns explained. “While multiple indicators are signaling a pullback is due, breaking $8400 with strong volume could see this rally extend to key technical and psychological resistance at the $9500-$10,000 level before that pullback.” Bitcoin’s technical picture A sustainable movement above $8,354 (61.8% Fibo retracement) will strengthen the bulls’ case. The upside may be extended towards $8,633 (200-DMA) and to psychological $9,000. On the downside, the support is created by $8,000, followed by 50.0% Fibo retracement at $7,862. BTC/USD, the daily 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 Australia: Core CPI prints 1.9%/y – TDS FX Street 5 years BTC/USD gained 5.8% on a daily basis and touched $8,470. 200-DMA at $8,633 comes into focus. Bitcoin is changing hands at $8,350, off the early Asian high at $8,472. The digital coin No. 1 has gained 5.8%% on a daily basis and mostly unchanged since the beginning of Wednesday. The capitalization of global cryptocurrency market is getting closer to $300B for the first itme since the beginning of June. Milder regulatory environment coupled with a convincing break through above key technical levels, including the long-term sloping trend line from May 5 peak at $11,645, creates favorable conditions for… 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.
