Bitcoin settles in consolidation between $9,300 and $9,400 following the weekend rejection at $9,600. Bitcoin is the scarcest currency in the entire world and will pave the way to the most diverse global economy. Bitcoin is in a range motion on Monday after failing to sustain gains above $9,300 over the weekend. On the contrary, selected altcoins such as Ethereum Classic, Tezos and Iota are mooning. Iota is the most bullish following the more than 17 surge on a day to day basis. The most-traded digital asset, Bitcoin is struggling to stay afloat despite the shrinking volatility levels. It has corrected higher just 0.25% on the day. The teetering between $9,300 and $9,400 is likely to continue in the near term. This means that resistance at $9,500, and $9,600 will stay in place. Bitcoin is the scarcest currency in the world Parker Lewis, the head of business development at Unchained Capital, a cryptocurrency lending platform in a blog post said that there isn’t any other currency in the world that is scarcer than Bitcoin. Parker said that Bitcoin is creating a stepping stone for “the most diverse economy that has ever existed.” Bitcoin confluence levels As far as confluence levels are concerned, Bitcoin is facing the first resistance at $9,396. The zone is host to a cluster of indicators including the Fibo 61.8% daily, SMA 200 15-minutes, the Bollinger Band 4-hour and the 100 SMA 1-hour among others. On breaking this resistance, the bulls would have neutralized the prominent hurdle to $10,000. However, they cannot underestimate the seller congestion at $9,493, $9,590 and $9,882. When it comes to the confluence support levels, it is correct to say that BTC/USD is properly supported with support zones ranging from $9,299, $9,404, $8,910 and $8,618. 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 WHO Chief Tedros reiterates: There is no reason for measures that unnecessarily interfere with international travel and trade FX Street 2 years Bitcoin settles in consolidation between $9,300 and $9,400 following the weekend rejection at $9,600. Bitcoin is the scarcest currency in the entire world and will pave the way to the most diverse global economy. Bitcoin is in a range motion on Monday after failing to sustain gains above $9,300 over the weekend. On the contrary, selected altcoins such as Ethereum Classic, Tezos and Iota are mooning. Iota is the most bullish following the more than 17 surge on a day to day basis. The most-traded digital asset, Bitcoin is struggling to stay afloat despite the shrinking volatility levels. It has… 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.
