HomeBlockchainBTC to excel market again in 2019

BTC to excel market again in 2019

-

Within minutes, on January 6, the Bitcoin price spiked from $3,830 to $4,030 by around five percent. Bitcoin’s (BTC) bears would be put on the back foot if prices climb past key resistance lined up at $4,140.The leading cryptocurrency jumped to a two-week high of $4,090 earlier today, as expected, ending a weeklong period of low volume consolidation near $3,800.

The price of BTC soaked at level of $4000 on January 7, with a expectation to target $4500.

A breakout from an inverse head-and-shoulders usually yields a powerful move to the upside. BTC, therefore, could rise well above $5,000 (target as per the measured move method) if the neckline resistance, currently seen at $4,140, is crossed on the back of high trading volumes.

A $7 billion increase in the combined value of cryptocurrencies, the market has initiated a decent short-term price movement.

With this rise in price from the start of 2019, BTC is expected to excel the market and regain it’s worth.

LATEST POSTS

Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...

Follow us

13,033FansLike
3,912FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img