Bitcoin May See Relief Rally, But Bottom Still Elusive

in #cryptonews • 7 years ago

image

Bitcoin (BTC) may see a corrective rally following losses this week, but it's still too early to call a bottom, the technical charts indicate.

The cryptocurrency has spent a better part of the last 24 hours trading in a roughly sideways manner in the narrow range of $7,900-$8,400, according to CoinDesk's Bitcoin Price Index (BPI). As of writing, the BPI is seen at $8,152. Meanwhile, the global average price, as calculated by CoinMarketCap, stands at $8,169 - up 0.15 percent in the last 24 hours.

Read the rest of the news here

https://www.coindesk.com/bitcoin-may-see-relief-rally-but-bottom-still-elusive/amp/

#cryptocurrency #esteem #bitcoin #steemit
7 years ago in #cryptonews by
$0.00
    5 votes
    Reply 1

    Coin Marketplace

    STEEM 0.26
    TRX 0.20
    JST 0.038
    BTC 96757.59
    ETH 3590.54
    USDT 1.00
    SBD 3.76