The long-awaited movement of the Bitcoin price was initiated during the Asian trade this Morning. Before that have come true, because 10 billion dollars have left within a few hours the crypto-space, say about a further retreat in the four-digit range.
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Bitcoin goes back to $ 9.600
The week-long consolidation ended abruptly a few hours ago, when the king broke in an hour of almost 5 percent. In the last 24 hours, Bitcoin was traded to a value of 10.150 $.
The support broke and led to the Bitcoin fell to a four-digit level (9.600$). Within the same hour, the Bitcoin price recovered quickly and reached almost 9.800 $. At the time of writing BTC is at $ 9.880.
The setback has promoted Bitcoin at the lowest price in almost three weeks, but BTC continues to be within the Range Bound channel (as in the Tweet below).
“OK, the resistance was obviously stronger.
The question now is whether we will test the Support or not.
IMO, no. At least, not now.“
OK, the resistance what is obviously stronger.
The question now is whether we want to go testing support or not.
IMO, no. At least, not now.$BTC $BTCUSD #bitcoin pic.twitter.com/2xQxnZHdqG
— Crypto Hamster (@CryptoHamsterIO) 19. September 2019
At the Moment BTC seems to be on a previous strong Support level in the high $9,000 in-Zone swings, but whether there will be sufficient buyers to get back in a timely manner in the five-digit Zone, it remains to be seen.
Altcoins on the rise?
The Altcoins have experienced in the last few days a veritable Explosion, in particular, Ethereum, XRP and Stellar. But still, this Bitcoins in the right direction.
Ethereum has fallen back after four days of solid gains to 205$. ETH has to stay above 200$, not the profits of the last week to extinguish. Ripple’s XRP, which yesterday had a great Pump, again fell below 0.30$.
Text evidence: bitcoinis