Movers and Shakers - 28/02/20
David Airben
Market
4 years ago
1 QCP
It’s a positive start to the day as the majors look to recover some of the current week losses. Bitcoin will need to move through to $9,000 levels to support, however.
Bitcoin rose by 0.21% on Wednesday. Partially reversing a 5.51% slide on Wednesday, Bitcoin ended the day at $8,825.6.
A bearish start to the day saw Bitcoin slide to an early morning intraday low $8,555.0 before finding support.
Steering clear of the first major support level at $8,515.3, Bitcoin recovered to a late afternoon intraday high $8,975.0.
Falling well short of the first major resistance level at $9,248.5, Bitcoin fell back to sub-$8,700 levels before moving back into the green.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling 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-28-02-20-636005
Bitcoin rose by 0.21% on Wednesday. Partially reversing a 5.51% slide on Wednesday, Bitcoin ended the day at $8,825.6.
A bearish start to the day saw Bitcoin slide to an early morning intraday low $8,555.0 before finding support.
Steering clear of the first major support level at $8,515.3, Bitcoin recovered to a late afternoon intraday high $8,975.0.
Falling well short of the first major resistance level at $9,248.5, Bitcoin fell back to sub-$8,700 levels before moving back into the green.
The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling 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-28-02-20-636005
- Bitcoin
- Crypto
- Crypto daily
- Cryptocurrency
Confirm Delete
Are you sure, you want to delete the Comment ?