Bitcoin Price Sticks on $8K

On Monday, Bitcoin price dropped from $8,200 to $7,581. Further, BTC remained on the defensive Tuesday, with prices clocking daily highs and lows within Monday’s trading range. As of writing, bitcoin is trading at $7,864.[vc_row][vc_column][vc_column_text]Essentially, BTC’s narrowing price range has created a contracting triangle over the last 24 hours, neutralizing the immediate bullish view put forward by Sunday’s rally.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]The case for notable price pullback, suggested by repeated bull failures at $8,300 would strengthen if the indecision represented by the contracting triangle ends with a downside break. Only a week ago, the bitcoin price increased from $6,863 to $8,167, having reached a new 2019 high and recovered to July 2018 levels. While many analysts predicted the bitcoin price will increase to $10,000 in the medium term, in the nearest future, traders forecasted a healthy retracement.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_cta h2=”JOIN TO OUR TELEGRAM CHANNEL” h4=”ALL THE LATEST BREAKING NEWS ON TELEGRAM” css=”.vc_custom_1534928484642background-color: #44d8dd !important;”]Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.[/vc_cta][/vc_column][/vc_row]

https://blog.hyip.com/2019/05/bitcoin-price-sticks-on-8k/