Bitcoin is rangebound after weekend growth. Crypto market has a potential as only 8% are involved in crypto trading. Bitcoin is trading a $7,650, off the intraday high registered at $7,755. The most popular digital coin managed to break above critical $7,500 on weekend, creating positive momentum on cryptocurrency market. The coin is mostly unchanged since the start of the day, consolidating the gains of the previous days. From the longer-term perspective, Bitcoin has an upside potential as over 92% of the population has not invested in cryptocurrencies yet, Finder’s research shows. About 10% of them thinking about getting engaged once the market starts growing again and the bubble burst is clearly avoided. Others believe that it is too complicated to get involved or waiting for waiting for the market to become more secure and mainstream. Bitcoin’s technical picture Bitcoin has been trading within a rising channel in recent days, getting ready for another bullish breakthrough. The price stays above all hourly moving averages, with both 50 and 100-SMAs above 200-SMA, which confirms the upside momentum. The local support is created by the upside trendline at $7,570, strengthened by 100-SMA. If it is broken, the sell-off may be extended towards $7,448 (200-SMA). On the upside, a sustainable movement above $7,830-50 will ensure further recovery towards $8,000. BTC/USD, the hourly 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 Asia PMIs: Developing economies lift but advanced slows – Westpac FX Street 5 years Bitcoin is rangebound after weekend growth. Crypto market has a potential as only 8% are involved in crypto trading. Bitcoin is trading a $7,650, off the intraday high registered at $7,755. The most popular digital coin managed to break above critical $7,500 on weekend, creating positive momentum on cryptocurrency market. The coin is mostly unchanged since the start of the day, consolidating the gains of the previous days. From the longer-term perspective, Bitcoin has an upside potential as over 92% of the population has not invested in cryptocurrencies yet, Finder's research shows. About 10% of them thinking about getting engaged… 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.
