Movers and Shakers - 02/03/20
David Airben
Market
4 years ago
1 QCP
Bitcoin slipped by 0.05% on Sunday. Following on from a 1.91% slide on Saturday. Bitcoin ended the week down by 14.3% at $8,556.7.
A choppy start to the day saw Bitcoin fall from an early morning high $8,716.5 to $8,550 levels before striking a mid-day intraday high $8,775.0.
Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $8,741.23.
Hitting reverse through the afternoon, Bitcoin fell to a late afternoon intraday low $8,460.
Finding support at the first major support level at $8,469.53, Bitcoin managed to reverse the losses from the day.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin having struggled to break out from $10,000 levels.
For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.
https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-02-03-20-636406
A choppy start to the day saw Bitcoin fall from an early morning high $8,716.5 to $8,550 levels before striking a mid-day intraday high $8,775.0.
Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $8,741.23.
Hitting reverse through the afternoon, Bitcoin fell to a late afternoon intraday low $8,460.
Finding support at the first major support level at $8,469.53, Bitcoin managed to reverse the losses from the day.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin having struggled to break out from $10,000 levels.
For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.
https://www.fxempire.com/news/article/the-crypto-daily-movers-and-shakers-02-03-20-636406
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