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BTC/USD: Bearish Flag Points to a Breakdown
Bitcoin price rose above the crucial resistance point at $85,000 as cryptocurrencies stabilized. The BTC/USD pair was trading at 85,110, up by 11% from its lowest level in March this year. Bitcoin price has stabilized The BTC/USD pair has remained in a tight range as some investors bought the dip following the recent dip. This rebound happened as other altcoins recovered. Ethereum price rose and is nearing its $2,000 level, while the market capitalization rose by 1.7% to $2.73 million. Cryptocurrency prices rose even as the stock market retreated. The Dow Jones dropped by 200 points, while the S&P 500 and Nasdaq 100 ... (full story)
