Bitcoin News Today – Headlines for November 10
发布时间：2019-11-11 14:08:33 发布人：TokenString
Bitcoin News Today – Over the past two days, the performance of Bitcoin (BTC) has been somewhat poor. Since Friday, the value of the world’s largest digital currency by market cap has plunged by 6 percent. Bitcoin (BTC) plunged from $9,250 to $8,700 in a strong move, after holding the $9k support level of about two weeks now.
Analysts Predict More Bearish Moves for Bitcoin (BTC)
Regardless of the relatively mild price action of the coin, many traders and analysts have flipped bearish. For instance, Bloomberg said that Bitcoin might return to the $7,300 mark if the bearish pressure persists for a little more. That was the level BTC was before the recent bull run. According to many analysts, this sentiment is irrational.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$8,916.42
0.395%
Mayne – a popular digital currency trader – recently said that people who are waiting for $6,000 are irrational. He added that BTC consolidating and retracing after its fourth-largest move in history (over 42 percent gain) is perfectly par for the course. He also said that it is possible that the price of Bitcoin (BTC) can plunge further from $8,800.
$BTC HAS IT'S 4TH BIGGEST BULL MOVE EVER, $7.2K-$10.5K, AND NOW WE ARE RETRACING AFTER CONSOLIDATING. MY FEED, TOTALLY BEARISH AGAIN.
WE CAN GO LOWER SURE, BUT I THINK THE SAME PEOPLE WAITING FOR $6K ARE GOING TO BE WAITING FOR $7K AND WILL BUY BACK ABOVE $10K.
NEVER CHANGE CT!
— MAYNE (@TRADERMAYNE) NOVEMBER 8, 2019
Amsterdam Stock Exchange trader – Crypto Michael – poked fun at the euphoria that bears have had over the past couple of days. He is also accentuating the irrationality of the claims that a retest of the lows is on its way, especially after the digital currency recently increased by 42 percent. In a tweet, he said:
“I do remember bears being euphoric with a $1000 dropdown on a daily candle, now they are euphoric with $300 retrace after one of the most bullish candles in the history of Bitcoin (BTC).”
The Digital Currency Market Is Tied to Risk Assets
Delphi Digital – prominent digital currency markets research firm – has verified this sentiment with data. According to a previous report, the firm found that there is a convergence of evidence signifying that BTC found a trend bottom at $7,300 two weeks ago. One of the pieces of evidence is that the volume profile of Bitcoin has shown clean signs that a bottom is in.
The firm also added that they presently see the digital currency market very tied to risk assets, such as the S&P 500. The price of Bitcoin would surge higher with the risk assets, as they have started setting new all-time highs after a strong jobs report and a potential trade deal.
Some traders still believe that Bitcoin would surge further before it would correct lower again. According to Trader HornHairs, Bitcoin (BTC) would likely hit $14k before $7k.
Bitcoin News Today – Over the past two days, the performance of Bitcoin (BTC) has been somewhat poor. Since Friday, the value of the world’s largest digital currency by market cap has plunged by 6 percent. Bitcoin (BTC) plunged from $9,250 to $8,700 in a strong move, after holding the $9k support level of about two weeks now.
Analysts Predict More Bearish Moves for Bitcoin (BTC)
Regardless of the relatively mild price action of the coin, many traders and analysts have flipped bearish. For instance, Bloomberg said that Bitcoin might return to the $7,300 mark if the bearish pressure persists for a little more. That was the level BTC was before the recent bull run. According to many analysts, this sentiment is irrational.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$8,916.42 |
0.395%
|
Mayne – a popular digital currency trader – recently said that people who are waiting for $6,000 are irrational. He added that BTC consolidating and retracing after its fourth-largest move in history (over 42 percent gain) is perfectly par for the course. He also said that it is possible that the price of Bitcoin (BTC) can plunge further from $8,800.
$BTC HAS IT'S 4TH BIGGEST BULL MOVE EVER, $7.2K-$10.5K, AND NOW WE ARE RETRACING AFTER CONSOLIDATING. MY FEED, TOTALLY BEARISH AGAIN.
WE CAN GO LOWER SURE, BUT I THINK THE SAME PEOPLE WAITING FOR $6K ARE GOING TO BE WAITING FOR $7K AND WILL BUY BACK ABOVE $10K.
NEVER CHANGE CT!
— MAYNE (@TRADERMAYNE) NOVEMBER 8, 2019
Amsterdam Stock Exchange trader – Crypto Michael – poked fun at the euphoria that bears have had over the past couple of days. He is also accentuating the irrationality of the claims that a retest of the lows is on its way, especially after the digital currency recently increased by 42 percent. In a tweet, he said:
“I do remember bears being euphoric with a $1000 dropdown on a daily candle, now they are euphoric with $300 retrace after one of the most bullish candles in the history of Bitcoin (BTC).”
The Digital Currency Market Is Tied to Risk Assets
Delphi Digital – prominent digital currency markets research firm – has verified this sentiment with data. According to a previous report, the firm found that there is a convergence of evidence signifying that BTC found a trend bottom at $7,300 two weeks ago. One of the pieces of evidence is that the volume profile of Bitcoin has shown clean signs that a bottom is in.
The firm also added that they presently see the digital currency market very tied to risk assets, such as the S&P 500. The price of Bitcoin would surge higher with the risk assets, as they have started setting new all-time highs after a strong jobs report and a potential trade deal.
Some traders still believe that Bitcoin would surge further before it would correct lower again. According to Trader HornHairs, Bitcoin (BTC) would likely hit $14k before $7k.
