Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: Paha87 on January 08, 2020, 04:16:59 AM

Title: Bitcoin has grown to $8,100, what's next?
Post by: Paha87 on January 08, 2020, 04:16:59 AM
(https://storage.googleapis.com/telesite-prod/photos/51889a60-3190-11ea-b1b8-838f5dd9980c.jpeg)

On January 7, the price of the first cryptocurrency added 7% and exceeded the mark of $8,100. In total, since its 11th birthday, BTC has risen by $1,200, which many analysts call the end of the downtrend.

At the moment, the price of bitcoin has broken through the upper border of the falling wedge figure, which is a good sign for the return of BTC to the bull market. Also, the BTC rate is again above the 50-day moving average, which can act as a strong support in the event of a correction.

As for the full-fledged reversal of the cryptocurrency market, buyers will face a strong resistance at the level of $8,900, where the 200-day moving average is approximately now.

The original article here -https://coinpost.ru/p/bitkoin-vyros-do-dollar8-100-chto-dalshe
Title: Re: Bitcoin has grown to $8,100, what's next?
Post by: Senin on January 08, 2020, 05:50:54 AM
The price of $ 8900 is still far from Bitcoin, but its growth over the past three days cannot but rejoice. We have already found out that the reason for the rise in the price of bitcoin is not the current tension in relations between the United States and Iran. In Iran, demand for bitcoin has not increased recently. Will Bitcoin really grow until May, when the reward for mining a new block of Bitcoin drops by half?
Title: Re: Bitcoin has grown to $8,100, what's next?
Post by: Goodcat49 on January 08, 2020, 09:19:10 PM
The US-Iran situation leads to price rise for BTC, but also for gold and oil, so it's temporary, I guess. Anyway, the price will rise even more before halving.