BTCUSD Bitcoin without any hesitation overcame the psychological resistance of $ 10,000, getting close to the level of $ 10,500. In just over two weeks, the most popular cryptocurrency in the world became 61% more expensive, increasing its value 10 times since January 2017. According to AMarkets analysts, the Bitcoin rate continues to support the rush demand from investors from Japan and South Korea.
BTCUSD Analysts at AMarkets say that over the past weekend, the main cryptocurrency exchange rate in the world added even more than 15%, updating the historical maximum at $ 9482. Growth continues at the Asian session on Monday. By 9:00 Moscow time, the BTCUSD pair is literally one step from the long-awaited $ 10,000 bar.
The BTCUSD Asian Friday session began with aggressive sales of the main cryptocurrency, as a result of which Bitcoin lost about 2.5% of the value in the first hours of the current session, dropping from a local maximum of $ 8173 to $ 7893. According to AMarkets analysts, further decline in the asset was able to stop the support of the S3 daily Pivot level, located just below the 8000th bar.
BTCUSD Bitcoin continues to rewrite historical highs, and the past trading session was no exception. Last night, the BTCUSD pair reached a new price extreme at $ 8360, fulfilling our previous goal. According to AMarkets analysts, the capitalization of the main cryptocurrency in the world goes off scale, accumulating more and more investment liquidity.
BTCUSD The BTCUSD pair diligently compensates for losses incurred last week. The triumph of the bears, although it was promising, however, did not lead to long-term consequences. AMarkets analysts note that such an aggressive interception of the initiative is very similar to the keen desire of large buyers to squeeze out most short positions.
BTCUSD Bitcoin at the close of Sunday updated the all-time high to $ 8,087.35, almost close to the upper border of the bull channel. In the last 2-3 hours, the BTCUSD rate has been consolidating around $ 8 thousand, a psychological mark for the market. According to AMarkets analysts, if the bulls manage to stay higher, we look forward to continuing growth to $ 8300, where it will not be superfluous to think about partial profit taking on previously open long positions.
BTCUSD The pair BTCUSD continues to grow, restoring value positions after significant sales last weekend. AMarkets analysts note that the overflow of investment capital from bitcoins to altcoins was the result of the cancellation of the planned “hard fork”, that is, modification of the source code, as a result of which new derivatives are created.
BTCUSD The BTCUSD couple finally respected the sellers with the long-awaited correction, the depth of which makes us think about a likely change in the trend movement. As expected, the fundamental legacy of the abolition of the planned hard fork led to negative consequences for the price dynamics of the cue ball. From the local maximum of $ 7,870 reached on November 8, Bitcoin fell to $ 5,493, a mark which corresponds to 50 Fibo level.
BTCUSD The BTCUSD pair continues to be quoted above $ 7200, relying on the uptrend line, and in combination also the upper boundary of the ascending channel. During the trading session on Tuesday, Bitcoin already “historically updated one million” times this year, after which the bulls' enthusiasm was a little dull. This was followed by a correction, the impulse of which encountered an obstacle at the level of 200 daily moving average ($ 7100).
BTCUSD The BTCUSD pair continues to stay above the uptrend line, using fundamental support for the expectations of the potential launch of bitcoin futures contracts on the CME. According to the leadership of the main global derivatives platform, the founder of the crypto industry will initiate the formation of a new class of assets, such as gold and stocks.
BTCUSD Last weekend, the pair of BTCUSD once again rewrote historic highs. According to AMarkets analysts, market participants continue to win back the upcoming hard fork, scheduled for November 13, as well as the potential launch of trading in bitcoin futures contracts before the end of this year.
BTCUSD The first half of the week for Bitcoin was a worthy continuation of a productive weekend - BTCUSD once again updated its historical maximum, accumulating more and more liquidity. On the one hand, increased demand is the basis for further growth, on the other hand, there is the slightest fundamental negative, and we cannot avoid the correction of universal proportions.
BTCUSD Judging by the dynamics of the last two trading sessions, Bitcoin clearly does not want to put up with the fate of a crypto outsider and, instead of developing a bearish rally, has recovered to the beginning of the week. Currently, BTCUSD is courting a level of $ 5851, obviously plotting something. The absence of sharp movements is explained by low liquidity and very modest trading volumes, however, nowhere else in the world does the situation change so quickly as in the cryptocurrency market.
BTCUSD For the BTCUSD pair, the second half of the week was a worthy continuation of the first. Bitcoin, feeling like an astronaut, continues to update historical highs. In such situations, it is very difficult to rely on technology, because all conceivable and unimaginable resistances designed to restrain the onslaught of bulls are shamelessly breaking.
BTCUSD Over the weekend, Bitcoin showed itself in all its glory, implementing a scenario to update the historical maximum. The most productive for the asset was the second half of Sunday, when in 6 hours the BTCUSD pair added more than $ 500, touching a new price extreme at $ 6291. As a rule, any move a priori should be accompanied by correction, if only so that buyers have the opportunity to regroup and lay a new technical foundation for even greater growth.
BTCUSD The founder of the entire crypto industry started the week on a minor note, losing more than $ 370 or 6.5% of the total value by the Asian session. The current dynamics is clearly not in favor of traders who are accustomed to the enviable regularity with which Bitcoin rewrites historical highs. Meanwhile, the technical picture indicates that the activity of the bears is not accidental, but justified.