Today news
About the same in other media
Bitcoin holds $50K as analyst says weekly timeframes confirm bull market remains intact
Reading now: 742
Bitcoin (BTC) retained $50,000 as support overnight into Dec. 8 amid confidence that the 2021 bull market was not yet over.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but failing to crack through $50,000 after reaching local highs of $51,990 on Bitstamp Tuesday.
The pair had accelerated at the start of trading on Wall Street, adding to existing gains from Sunday to give BTC some short-term relief.
Now, however, it was time to consult longer timeframes to get a clearer picture of Bitcoin market health, according to trader and analyst Rekt Capital.
In his latest YouTube video, Rekt Capital eyed the weekly chart to reveal what appeared to be a previously long-term resistance level flipping to support.
"This might
Read more on cointelegraph.comAbout this in other media
China and Russia show solidarity, but likely won't support each other militarily, analysts say cnbc.com /3 years ago
Bitcoin 'Should Hold' USD 40K, Says Novogratz. If Not - It's a ‘Buying Opportunity,’ Argues Kraken CEO cryptonews.com /3 years ago
Bitcoin’s price movements bring these tidings for the market ambcrypto.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
