price Analysis, after declining below the 8,000 level, bitcoin price found support near 7,800 against the US Dollar. Conversely, last week saw some dramatic movements on the price front, with markets dropping below 6,000 only to recover days later. Bitcoin, price Watch: BTC/USD Must Break 8,300, to Resume Uptrend, rate this post, key Points. Monday's record high of 8,285 to 8,368 Tuesday morning, trading.24. Key Points, bitcoin price is holding an important support at 8,000 against the US Dollar. July 30, 2018, aayush Jindal, uncategorized, last Updated on July 30, 2018. BTC/USD could trade to new a monthly high if it succeeds in settling above 8,300. The BTC/USD pair trimmed most its losses and traded geld verdienen affiliate programmen back above the 8,000 level. E-Trade Launches Bitcoin Futures Trading with CME.
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Market commentary throughout the week was led, in part, by speculation around pending futures product launches and interest among institutional investors overall. Should there be a downside reaction, the 8,100 and 8,000 supports levels could be tested. Th news dragged the price of bitcoin down by nearly 450 early Tuesday, according to CoinDesk data.
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Hourly RSI (Relative Strength Index) The RSI is currently moving lower towards the 40 level. The coin was sent in a tailspin after news broke that cryptocurrency firm, Tether, was hacked. This move came after bitcoin which toed the 8,000 line during Friday trading crossed that threshold several hours earlier. That the price of bitcoin would surge above this height was in the cards last week, as was suggested by analysis at the time. The coin recovered losses it incurred after a different cryptocurrency announced.9 million hack. This post has been updated from its original version. The price settled above the 8,100 level and the 100 hourly simple moving average.
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