Bitcoin News Today – Headlines for April 23
发布时间：2020-04-24 09:15:47 发布人：TokenString
Bitcoin News Today – Bitcoin (BTC) has continued to hold gains while oil and other assets have been having a bad week. The price of Bitcoin is up by more than 4 percent and it broke over the major $7k hurdle point against the US dollar. However, Bitcoin is facing another hurdle close to the $7,300 mark and it needs to break over that level to surge towards the $8k mark.
Bitcoin Looks Poised to Break the $8k Mark in the Near Term
Yesterday, BTC bears made a few attempts to push the price of the digital currency further below the $6,800 mark. The attempts failed and Bitcoin bulls showed and pushed prices over the $6,950 and $7k hurdle points. The price of the digital currency event settled over the $7k mark and the 100 hourly simple moving average.
The digital currency even broke over the 50 percent Fibonacci retracement level of the previous major move from the high of $7,295 to the low of $6,760. More importantly, there was a break over a key bearish trendline with hurdle close to $7,035 on the one-hour chart of the BTC/USD trading pair. The digital currency is now trading over the $7,100 mark and it is eyeing the $7,200 hurdle point.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$7,513.74
4.44%
It appears like the 76.4 percent Fibonacci retracement level of the previous move from the high of $7,295 to the low of $6,760 is acting as a hurdle point. However, the major hurdle of the digital currency on the upside is close to the $7,300 zone.
If BTC successfully breaks over the $7,300 resistance, it could experience a sharp uptrend. Over that level, the next hurdle is close to the $7,500 mark, over which the bulls are likely to push the price of the digital currency towards the $8k mark in the coming sessions.
Bitcoin’s Hurdle Turn Support
If the bulls fail to hold gains and Bitcoin begins a downtrend, it could return to the $7,030 and $7k support marks. Moreover, the 100 hourly simple moving average is also close to the $7,030 mark to act as a strong buy zone. If the bears push prices below the $7k mark and the 100 hourly simple moving average, it could disprove the present bullish view.
If that happens, the price of the digital currency might return to the swing low of $6,760 in the near term. At the time of writing, Bitcoin is looking all bullish and it carrying most of the altcoins in the market along.
Bitcoin News Today – Bitcoin (BTC) has continued to hold gains while oil and other assets have been having a bad week. The price of Bitcoin is up by more than 4 percent and it broke over the major $7k hurdle point against the US dollar. However, Bitcoin is facing another hurdle close to the $7,300 mark and it needs to break over that level to surge towards the $8k mark.
Bitcoin Looks Poised to Break the $8k Mark in the Near Term
Yesterday, BTC bears made a few attempts to push the price of the digital currency further below the $6,800 mark. The attempts failed and Bitcoin bulls showed and pushed prices over the $6,950 and $7k hurdle points. The price of the digital currency event settled over the $7k mark and the 100 hourly simple moving average.
The digital currency even broke over the 50 percent Fibonacci retracement level of the previous major move from the high of $7,295 to the low of $6,760. More importantly, there was a break over a key bearish trendline with hurdle close to $7,035 on the one-hour chart of the BTC/USD trading pair. The digital currency is now trading over the $7,100 mark and it is eyeing the $7,200 hurdle point.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$7,513.74 |
4.44%
|
It appears like the 76.4 percent Fibonacci retracement level of the previous move from the high of $7,295 to the low of $6,760 is acting as a hurdle point. However, the major hurdle of the digital currency on the upside is close to the $7,300 zone.
If BTC successfully breaks over the $7,300 resistance, it could experience a sharp uptrend. Over that level, the next hurdle is close to the $7,500 mark, over which the bulls are likely to push the price of the digital currency towards the $8k mark in the coming sessions.
Bitcoin’s Hurdle Turn Support
If the bulls fail to hold gains and Bitcoin begins a downtrend, it could return to the $7,030 and $7k support marks. Moreover, the 100 hourly simple moving average is also close to the $7,030 mark to act as a strong buy zone. If the bears push prices below the $7k mark and the 100 hourly simple moving average, it could disprove the present bullish view.
If that happens, the price of the digital currency might return to the swing low of $6,760 in the near term. At the time of writing, Bitcoin is looking all bullish and it carrying most of the altcoins in the market along.
