Bitcoin Bulls Are Sweating Latest Test of Key Resistance Level

September 11, 2018

 

Bitcoin’s recent stumble could turn into a full-blown tailspin, testing its strong support level of $6,000 again, according to a leading technical indicator. The biggest cryptocurrency has bounced off the $6,000 mark four times since February, and a break below that price could signal further capitulation. The GTI VERA Convergence Divergence indicator, which detects trend reversals and exhaustion, just ended its longest buy streak since July, suggesting more losses and pain for Bitcoin investors. Bitcoin has already lost more than half its value this year, amid a continued regulatory crackdown and the growing sense that a broader adoption of digital assets will take longer than some had anticipated. Such gloomy views are becoming more prevalent, as institutional and individual investors’ interest in the coin slackens. 

Read more...

Share on Facebook
Share on Twitter
Please reload

Featured Posts

#Binance Adds #BTT/PAX, BTT/TUSD and BTT/USDC Trading Pairs

February 14, 2019

1/3
Please reload

Recent Posts
Please reload

Beginner's Bitcoin Buying Guide

Learn how to buy

bitcoin with this free step by step guide for  beginners.

Click here to read

Please reload

Archive

© 2018 by TheCryptoCoinCenter.com  - email  us: TheCryptoCoinCenter@gmail.com

Terms of Use and Privacy Policy Disclaimer: Most of the articles, ratings, and reviews are posted because we are compensated in some way.

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square