Bitcoin whales are moving large sums of BTC at almost zero cost. Bitcoin is acutely vulnerable to losses especially with $8,287 functioning as the only viable support area. Bitcoin is gradually sliding into consolidation following the recent correction from the impenetrable $8,800. On the brighter side, the downside is strongly supported at $8,200. The four-hour chart also shows Bitcoin trading above the 100 Simple Moving Average (SMA). In other news, Bitcoin whales are reportedly transferring huge sums of money. According to the data provided by Rhythm, a user on Twitter, “07,848 bitcoin were just transferred for a 0.02 bitcoin fee. That’s $900,000,000 transferred for $166.” While the transaction did not affect the price of Bitcoin, quite astonishing is the cost of transaction for such a colossal transaction. Bitcoin confluence levels Bitcoin is facing one prominent hurdle at $8,373. If this hurdle is overcome, the potential for a breakout towards $9,000 will be immense. Meanwhile, the cluster of indicators converging here consists of SMA 10 four-hour, previous high one-hour, Bollinger Band four-hour middle, SMA 200 15-minutes, Bollinger Band 15-mins middle and the Fibonacci 38.2% daily among others. On the downside, support is highlighted at $8,287 using the pivot point one-day support one, Bollinger Band one-day middle, Bollinger Band one-hour lower and SMA 10 one-day. Lower levels do have viable support levels which leave Bitcoin vulnerable to declines that could see it dive under $7,800. More confluence levels 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 NZ: House prices up 0.9% in September – ANZ FX Street 4 years Bitcoin whales are moving large sums of BTC at almost zero cost. Bitcoin is acutely vulnerable to losses especially with $8,287 functioning as the only viable support area. Bitcoin is gradually sliding into consolidation following the recent correction from the impenetrable $8,800. On the brighter side, the downside is strongly supported at $8,200. The four-hour chart also shows Bitcoin trading above the 100 Simple Moving Average (SMA). In other news, Bitcoin whales are reportedly transferring huge sums of money. According to the data provided by Rhythm, a user on Twitter, "07,848 bitcoin were just transferred for a 0.02 bitcoin fee.… 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.
