Bitcoin Price Analysis: Why the Defense at $4,000 Will Not Hold
From ccn.com
The break above $4,000 has not really changed the interim bias of the bitcoin market. The cryptocurrency on Wednesday remained largely unchanged on its 24-hour adjusted timeframe. The news of a possibly peaceful end to the ongoing US-China trade talks allowed global markets to establish their fresh intraday highs. Investors, meanwhile, focused less on their bitcoin portfolios after finding more opportunities in the Dow Jones, Nasdaq and S&P 500 markets. The silence in the bitcoin market also alarmed bulls of their fading dominance after an impressive rally this week. The BTC/USD rate managed to stay above $4,000, its ...
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