|More from: | Coindesk |||
View Bitcoin dropped to a low of $4,900 on Coinbase after a continued sell-off was seen from its April 11 breakdown. BTC has since moved back above $5,000 and is tentatively holding that line. Prices remain bullishly above the 200-daily moving average at $4,548, but would flip to short-term bearish with a strong close below $5,000. The 6-hour candle has closed below a key resistance line at $5,050 and will need to be scaled before the end of today’s trading session.
Bitcoin dipped to a low of around $4,900 earlier today (according to Coinbase prices), but has since fought its way back above the $5,000 psychological support line.
Thursday’s trading closed slightly up, after bitcoin back-tested support at $4,994 as a
Read full article » https://www.coindesk.com/bitcoin-defends-psychological-support-line-after-dip-to-4900
About | Coindesk |
CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Its mandate is to inform, educate and connect the global community as the authoritative daily news provider dedicated to chronicling the space.