Bitcoin Consolidates Around $7,500

2019-12-9 16:42

Bitcoin continues to consolidate around the $7,500 level in early Monday trading, as traders and investors await the launch of Bakkt’s Bitcoin options trading offering.

The broader cryptocurrency market is trading sideways as the top 10 cryptocurrencies struggled to find a strong directional bias in early-week trading.

Tezos continues its recent move to the upside, as the cryptocurrency posted a five percent gain. Cosmos started to stabilize after receiving a notable bid over the weekend.

The total cryptocurrency market capitalization is $197 billion, which is around $1 billion higher than the December monthly open.

Bitcoin

Bitcoin is trading around the top of the falling wedge pattern, although upside momentum is currently lacking to forge a breakout.

Buyers need to move price above the $7,570 level to encourage further technical buying. Price is also starting to create higher highs and lower lows in the short-term, which is a bullish development.

The $7,770 and $7,850 level remain the key resistance areas bulls need to break in order to secure a test of the $8,000 level. Key support is found at the $7,380 and $7,200 levels.

BTC/USD Daily Chart by TradingView Total Market Cap

Positive technical signs are starting to emerge on the daily chart of the total market cap chart. Although similar to Bitcoin, upside momentum is currently lacking.

A bullish breakout from a falling wedge pattern has occurred over the last few days. If the price continues to hold above trendline support, further gains across the cryptocurrency market should be expected.

Major upcoming resistance is located at the $218 and $230 billion levels, while key support is found at the $194 billion and $190 billion levels.

Total Market Cap Chart by TradingView Overall Sentiment

According to the latest data from The TIE, sentiment toward the cryptocurrency market remains is neutral, at 49 percent.

Ethereum has the strongest sentiment among the top 10 cryptocurrencies at 78 percent. Meanwhile, EOS has the weakest at 43 percent.

The post Bitcoin Consolidates Around $7,500 appeared first on Crypto Briefing.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 0.0221493 (-70.68%)

trading bitcoin 500 around sideways cryptocurrency market

Источник: cryptobriefing.com

trading bitcoin → Результатов: 126


Bitcoin Trading Like a ‘High Beta’ But Social Sentiment Remains Subdued

After a somber start of the week, Bitcoin is all set to end it on a higher note. In the late hours of Thursday, the leading digital currency started recovering and went above $10,800. Since then, we have been keeping around $10,700 in the green on the back of just over $1 billion ‘real’ trading […] The post Bitcoin Trading Like a 'High Beta' But Social Sentiment Remains Subdued first appeared on BitcoinExchangeGuide.

2020-9-27 18:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

CME prepares to launch spot Bitcoin trading — FT

CME plans to launch spot Bitcoin trading, challenging Binance's dominance and highlighting Wall Street's crypto interest. The post CME prepares to launch spot Bitcoin trading — FT appeared first on Crypto Briefing.