Bitcoin News Today – Headlines for April 28
发布时间：2020-04-29 09:21:46 发布人：TokenString
Bitcoin News Today – Since Bitcoin recovered from its mid-March lows, the digital currency has amassed a considerable level of gains. Bitcoin (BTC) has been able to surge towards the $8k mark, a price level that is proving to be a very strong hurdle point. This hurdle has led the digital currency to encounter several harsh rejections on the upside. Nevertheless, buyers are still unphased as a result of this recent uptrend.
1.5 Million Wallets Acquired BTC at $8k
It is worth noting that on-chain analysis shows that Bitcoin bulls might have a pretty tough time breaking over the $8k mark, as 1.5 million wallets bought Bitcoin at that price. This could mean that some of the people that were afraid by the recent capitulatory decline will be right to sell-off their coins immediately it breaks over that level. As a result, this price point is a significant buy zone for the digital currency.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$7,751.11
0.113%
At press time, the world’s most dominant digital currency is trading at $7,760 after an increase of less than one percent over the past day. This marks a slight decline from the daily high of about $7,800 that the digital currency tested earlier today.
Bitcoin Continues to Face Rejections
Bitcoin has been facing several rejections on the upside over the past few days. Nevertheless, it appears that the bulls are still in charge. The $8k mark that buyers are trying to recapture could prove to be a very hard point to break. This is because the majority of investors that bought Bitcoin at $8k before the heavy crash to $3,800 in March may be itching to offload their holdings.
Data from IntoTheBlock – an analytics platform – indicates that this is a real possibility that traders should watch for. The platform noted that:
“Bitcoin price reaches $7,700. Using our IOMAP indicator, we see that there are close to 1.5m addresses that could push back on Bitcoin getting passed $8,000. Looking at the levels of support, $7500 looks like it could hold strong with 1.17mm addresses holding almost 830k.”
$8k Could Ignite an Intense Bitcoin Sell-Off
Some traders have also noted that Bitcoin (BTC) is going to “nuke” lower in the near term. However, it is going to surge towards the $8k mark before it would “nuke” lower. The enormous overhead supply at $8k and the confluence of technical weakness makes it unlikely that the digital currency will break over that level successfully in the near term.
“BTC – Nothing has changed. Will most likely be adding to my long tomorrow. This nuke gonna be juicy,” one trader noted while pointing to a chart showing a short-term upside target at $8,000.”
Bitcoin News Today – Since Bitcoin recovered from its mid-March lows, the digital currency has amassed a considerable level of gains. Bitcoin (BTC) has been able to surge towards the $8k mark, a price level that is proving to be a very strong hurdle point. This hurdle has led the digital currency to encounter several harsh rejections on the upside. Nevertheless, buyers are still unphased as a result of this recent uptrend.
1.5 Million Wallets Acquired BTC at $8k
It is worth noting that on-chain analysis shows that Bitcoin bulls might have a pretty tough time breaking over the $8k mark, as 1.5 million wallets bought Bitcoin at that price. This could mean that some of the people that were afraid by the recent capitulatory decline will be right to sell-off their coins immediately it breaks over that level. As a result, this price point is a significant buy zone for the digital currency.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$7,751.11 |
0.113%
|
At press time, the world’s most dominant digital currency is trading at $7,760 after an increase of less than one percent over the past day. This marks a slight decline from the daily high of about $7,800 that the digital currency tested earlier today.
Bitcoin Continues to Face Rejections
Bitcoin has been facing several rejections on the upside over the past few days. Nevertheless, it appears that the bulls are still in charge. The $8k mark that buyers are trying to recapture could prove to be a very hard point to break. This is because the majority of investors that bought Bitcoin at $8k before the heavy crash to $3,800 in March may be itching to offload their holdings.
Data from IntoTheBlock – an analytics platform – indicates that this is a real possibility that traders should watch for. The platform noted that:
“Bitcoin price reaches $7,700. Using our IOMAP indicator, we see that there are close to 1.5m addresses that could push back on Bitcoin getting passed $8,000. Looking at the levels of support, $7500 looks like it could hold strong with 1.17mm addresses holding almost 830k.”
$8k Could Ignite an Intense Bitcoin Sell-Off
Some traders have also noted that Bitcoin (BTC) is going to “nuke” lower in the near term. However, it is going to surge towards the $8k mark before it would “nuke” lower. The enormous overhead supply at $8k and the confluence of technical weakness makes it unlikely that the digital currency will break over that level successfully in the near term.
“BTC – Nothing has changed. Will most likely be adding to my long tomorrow. This nuke gonna be juicy,” one trader noted while pointing to a chart showing a short-term upside target at $8,000.”
