Bitcoin broke through resistance finding a new price level on February 7 and has continued its upward trend. Traders and speculators are still hoping the digital asset’s value will once again break the all-time high (ATH) of US$1,155. Bitcoin’s price had consolidated during the end of last week but now is pushing above the $1,045 range. Meanwhile, the top ten altcoin markets have shown other cryptocurrencies are also benefiting from small price rallies as well.
Cryptocurrency markets are experiencing some upswing this week as Bitcoin continues to rise. Although far slower than before Bitcoin seems to want to get back to its ATH, and technical charts suggest the price will continue to test new resistance. Early morning on February 7 the price touched a high of $1,058 and gave traders plenty of room for intra-range strategies. Bearish sentiment could bring the price back to $1,000 range, but technical indicators suggest it’s likely we may see an upside push to $1,075-1,080 in the near future.
Read More Here: https://news.bitcoin.com/markets-update-breaking-resistance-solid-fundamentals/
Topic: [2017-02-07] Markets Update: Breaking Resistance With Solid Fundamentals (Read 182 times)
February 07, 2017, 03:25:38 PM
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