Bitcoin prices have been trading near $50,000 since climbing above that level late last night. Will they work through additional resistance before heading higher, or are they headed for a pullback?
“There is a pocket of low supply above which is what we call the ‘volume gap’ and prices can move up very quickly through these areas to the next level of supply.”
“Bitcoin is approaching resistance just above $51K defined by a Fibonacci retracement level,” she stated in comments provided via email. “This objective was established after its breakout earlier this month.” “If both cryptocurrencies post two decisive closes above resistance, the breakout would target their highs.”, also spoke to bitcoin prices potentially taking a break of sorts in their upward movement as they work through resistance close to $50,000.
“The swift rise could see the price of bitcoin take a breather while attempting to establish a close above $50,000.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin tops $50,000, hitting a more than 3-month highBitcoin hit $50,000 on Sunday, hitting a more than 3-month high, as the cryptocurrency continues to rebound.
Consulte Mais informação »
Bitcoin nears $50,000 after months of weaknessThe world's largest digital currency by market value rose to $49,821 on Saturday afternoon in New York.
Consulte Mais informação »
Bitcoin's price rises above $50,000 for the first time since MayBitcoin has surged above the $50,000 mark, as the virtual currency continues to climb out of a months-long slump. It's the first time bitcoin has reached that milestone since May 15.
Consulte Mais informação »
Bitcoin tops $50,000 for first time in three monthsLast week, Tesla Inc Chief Executive Officer Elon Musk said that the electric-car maker will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency.
Consulte Mais informação »
Bitcoin Prices Pass $50,000 for First Time Since MayBitcoin prices topped $50,000 for the first time in three months Monday as the cryptocurrency has steadily made up ground since slumping earlier in the year
Consulte Mais informação »