BitRss.com latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Technical Indicator Signals Bitcoin May Rally to $9,300 Next

Bitcoin has continued trading sideways despite attempting to break up overnight, and its inability to garner any clear trend comes as multiple altcoins rally. It is important to note that BTC’s inability to break above $8,400 overnight may signal that this region is a growing level of resistance.
Analysts are now noting that one prominent technical indicator may signal that significant gains are imminent for the cryptocurrency in spite of the bearish price action it has incurred as of late. It still remains unclear as to whether or not the resistance Bitcoin has found within the upper-$8,000 region will be insurmountable.
Bitcoin Consolidates, But Mid-Term Trend May Soon Grow Clear
At the time of writing, Bitcoin is trading up marginally at its current price of $8,325, which marks a slight retrace from its daily highs of just over $8,400 that were set overnight.
It is important to note that both bears and bulls have failed to give BTC any solid trend in either direction, which has led it to consolidate within the lower-$8,000 region for the past couple of weeks.
Josh Rager, a popular cryptocurrency analyst on Twitter, discussed this lack of direction in a recent tweet, explaining that it leaves him feeling “bear biased.”
“$BTC update: Currently ranging in between but with the inability to close back above $8375 area after that fake-out to $8800 and lack of volume… Leaves me feeling more bear biased. Sorry, there’s no reason for me to feel bullish anytime soon until this range breaks up,” he said while pointing to the below chart.

$BTC update
Currently ranging in between but with the inability to close back above $8375 area after that fake-out to $8800 and lack of volume…
Leaves me feeling more bear biased
Sorry, there's no reason for me to feel bullish anytime soon until this range breaks up pic.twitter.com/4698svXFoi
— Josh Rager 
</div>
	
<style>
/*  */

#screenshot{
	position:absolute;
	border:1px solid #ccc;
	background:#333;
	padding:5px;
	display:none;
	color:#fff;
	}
/*  */
</style>
<script src=
BitRss.com shares this Contents with License.

Thank you for Share!

   
Read the full Article

Read the full Article: Technical Indicator Signals Bitcoin May Rally to $9,300 Next


Search Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

24h Most Popular News