As Bitfinex moved on from the recent hack and resumed trading yesterday, buyers tried pushing BTC-USD above $600 in anticipation of the exchange coming back online. But sellers managed to control the upsurge, bringing yesterday’s close down to $590.27 on the Bitstamp exchange.
This suggests that buyers are exhausted and rejected the fractal resistance at $598.81. Also, Bitfinex has recently offered a $3.6 million bounty in an attempt to find the stolen bitcoin. The company has also bounced back with some interest in their ‘BFX tokens’; the first such debt-based cryptocurrency that is polarizing opinion.
Read more here: https://btcmanager.com/price-analysis/btc-usd-rejects-600-looking-to-test-560/
Topic: [2016-08-11] BTCMANAGER's Price Analysis BTC-USD: Rejects $600, Looking at $560 (Read 217 times)
August 11, 2016, 12:55:11 PM
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