Despite the increasing bearish pressure on Bitcoin has once again made an attempt of breaking the level of $ 8,000. Unfortunately, she was not successful, as the main cryptocurrency fell below. According to many analysts, to rely on the good shorts in this price region just not worth it — BTC is enough “fuel” to grow up to 10 thousand dollars in a very short period of time.
Tonight, Bitcoin is trading at $ 7870. For the past day, the value of an asset declined by 0.8 percent, and the 24-hour trading volume has a positive effect on the level of 23.38 billion.
Take new records
In recent days, trading Bitcoin managed to give traders ample opportunity to open both long and short positions. The coin has quickly risen from 6800 to 8300 dollars, and then almost in the same short period of time fell just below $ 7,000.
Then Bitcoin again approached resistance at $ 8,000. This event known capturador Joseph young considers one of the main signs of a strong bullish trend.
May 17, Bitcoin dropped to 6400 dollars. The drainage was triggered by large short — about 5000 BTC on Bitstamp, which later led to a mass liquidation of long positions on BitMEX. Rapid recovery of up to $ 8,000 indicates a high level of optimism in the industry.
Bitcoin dropped to $6,400 on May 17 triggered by a 5,000 BTC sell order on Bitstamp that led to massive liquidations BitMEX.
Rapid recovery to $8,000 is a testament to how positive the sentiment around the market is currently.
— Joseph Young (@iamjosephyoung) May 19, 2019
Cryptomnesia Crypto Rand expects that soon BTC will be able to reach 10 thousand dollars. We will remind, chief analyst at Fundstrat Tom Lee previously called the critical level. It was after his break-through around Bitcoin will start a real HYIP .
#Bitcoin heating up for $10K pic.twitter.com/34jIuCocJY
— Crypto Rand (@crypto_rand) May 19, 2019
Hopefully, by the end of this week the main cryptocurrency still delight us with a new record on a local scale. And yet you have time to visit a mining pool 2Miners and make good money by mining altcoins.
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