Bitcoin growth stalled around $8000

15 May, 2019

Over the past 24 hours, Bitcoin shows almost zero dynamics. Daily trading volumes reached a new record of $34 billion yesterday. Bitcoin growth stalled around $8,000, pressing the momentum of the altcoin market. At the same time, it is worth noting that this is only a pause in growth and not a reversal to a decline. The bears could not push the benchmark cryptocurrency below $7,700. The BTC dominance index fell from 60.5% on May 14 to 58%, giving up part of the rally to the altcoins. Google Trends confirms FOMO (fear of missed opportunities) of retail investors with a surge of search queries on the subject of buying Bitcoin. It is likely that the market has just begun to warm up, and the return of Bitcoin and the cryptocurrency market to the focus of retail investors is fully capable of initiating a much longer rally than what we have seen so far. The “stops” occur at round levels ($6,000, $7,000, $8,000), and this speaks of the technical features of the dynamics, not reflecting the change of moods.


Source link   Presented by FxPro

Bitcoin price at high risk of $4000 or lower

Bitcoin (BTC) price is heading to $4,000 after breaking support to trigger a sudden bear market, says one of its most prominent critics. In a tweet on...

BTC divided market to 2 camps

Crypto market participants were divided into 2 camps. The former believe that the current side trend is a harbinger of a deep correction. This scenario...

Bitcoin continues to trade sideways

On Thursday, the leading cryptocurrency Bitcoin (BTC) continues to trade sideways within a narrow trading range of 10,650 - 10,350...


Bitcoin continues to trade at $10200

Bitcoin continues to trade at $10,200 within the range set 6 days ago, losing almost 2% in the last 24 hours. Leading altcoins are losing 2-5%...

New whales accumulating funds

During the last 7 days, Bitcoin repeatedly demonstrated sharp fluctuations but failed to get out of the side trend of $10-$11, practically unchanged in the price...

Bitcoin: fear or opportunity?

Once again, the battle for Bitcoin unfolds around the $10K threshold. According to CoinMarketCap, Bitcoin has lost more than 2% during the last...


Bitcoin plummeted 8% overnight

Overnight, the bitcoin price has dropped from $10,959 to $10,068 against the U.S. dollar, recording an 8.13 percent slip within a 24-hour span. The short...

Will companies support Bitcoin?

The bulls once again supported Bitcoin without letting it drop below $9,700. At the beginning of the week, Bitcoin got a new impetus for growth due...

Bitcoin grew amid extreme fear

Over the past 24 hours, the BTC price has increased by 2%, and now the asset is changing hands by $10,400. Bitcoin fear index...

  


Share it on:   or