Bitcoin fight lowered to just $8000

23 October, 2019

Whether it’s good or bad, Bitcoin formed almost a month-long side price trend. When it comes to the cryptocurrency, this price dynamics is more likely to indicate that a new correction wave is approaching. If one look to the BTCUSD price over the past three months, he or she could see that Bitcoin fought for the $10K threshold from August to September, but now this fight lowered to just $8K.

Each bull’s attempt to break through upwards ends with failure. It seems that investors may need just about a month to accept the new reality, which led to profit-taking and losses and started fresh selloff.

On the other hand, the CME data show that the number of long positions on Bitcoin futures for October increased twofold. While the mood of retail investors deteriorated, professional speculators use this correction to get Bitcoin for lower price.


Source   Presented by FxPro
Bitcoin: Halving and 2020 Global Recession

It's quite difficult to see the long-term bullish picture of bitcoin if the top cryptocurrency has been nothing but bearish lately. After a strong first half...

Bears push on the bitcoin

Although BTC has shown consistent attempts to bounce up to $8K, so far we see that every time the cryptocurrency is faced with sellers' pressure. If we take...

Bitcoin cannot go beyond $7300

During the last five days, Bitcoin has been trying to form a sideways price trend. The benchmark cryptocurrency, though wobbling, cannot confidently go beyond...


Bitcoin could plummet to $2020 in 2020

While many investors expect the dip to $6,600 of bitcoin last week to have been a bottom, one analyst believes the bitcoin price could fall to as low as...

Bitcoin sinks to lowest level since May

What a tough month it has been for bitcoin. The world's most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May...

Bitcoin looking for a bottom

Bitcoin has made somewhat of a recovery over the last 2 trading sessions after falling to a six month low which now has the market wondering again...


Bitcoin Price Jumped 42% Last Time

Late last month, Bitcoin (BTC) saw a jaw-dropping trading session, with the cryptocurrency's price gaining 42% in a 24-hour time frame; this was BTC...

Cryptomarkets show signs of recovery

Crypto markets are showing mild signs of recovery, while Bitcoin (BTC) stumbles above the $8,500 price mark. For the better part of the day, the...

Currency market don't share optimism

Key US indices continue to rush historical highs. Futures on S&P500 crossed the 3100 mark, adding one third to the price against the lows of the end of last year...