Movers and Shakers – 23/01/2020
David Airben
Market
4 years ago
1 QCP
It’s back in the red for Bitcoin and the broader market. A Bitcoin move back through to $8,700 levels would signal a rebound.
Bitcoin fell by 0.80% on Wednesday. Partially reversing a 1.11% gain from Tuesday, Bitcoin ended the day at $8663.9.
A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $8,799.9 before hitting reverse.
Falling short of the first major resistance level at $8,847.53, Bitcoin fell to a late afternoon intraday low $8,580.5.
Steering clear of the first major support level at $8,560.33, Bitcoin recovered to $8,600 levels to limit the loss on the day.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the continued upward momentum.
For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.
Read more: https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-23-01-20-627935
Bitcoin fell by 0.80% on Wednesday. Partially reversing a 1.11% gain from Tuesday, Bitcoin ended the day at $8663.9.
A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $8,799.9 before hitting reverse.
Falling short of the first major resistance level at $8,847.53, Bitcoin fell to a late afternoon intraday low $8,580.5.
Steering clear of the first major support level at $8,560.33, Bitcoin recovered to $8,600 levels to limit the loss on the day.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the continued upward momentum.
For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.
Read more: https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-23-01-20-627935
- Bullish
- Blockchain
- Cryptocurrency
- Crypto Daily
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