What’s Next for Bitcoin? These Indicators Suggest a Push Higher
September 11 2019
"Those who say it can not be done, should not interrupt those doing it." –Chinese Proverb 5-Day Change •Bitcoin: $10,017.00 -3.24% •Ethereum: $178.41 +5.13% •S&P 500: $2,976.3 +0.56% •Dow Jones: $26,751.70 -0.06% Top trading ideas: BITCOIN - Determine the fate of the market! Is there another chance for ETHEREUM? Bitcoin chart analysis you were looking for!
Bitcoin price analysis, long-term trend and the top crypto news
Bitcoin stuck in a rut... posting low volume and low volatility for the past month. But its fundamentals have never been stronger. Despite hovering between $9,000 and $12,000 for the past three months, and seeing volume fall from a high of $46 billion to just around $11 billion, there’s reason to believe investors are just waiting for the launch of Bakkt’s Bitcoin futures.
Bitcoin’s Narrowing Trading Range Seen Suggesting a Push Higher
Bitcoin might be trading narrowly now... but there are signals that it may soon break out. And that’s down to the 50-day moving average, which was breached for the first time since August. That, along with increasing institutional interest, could be exactly what Bitcoin needs to get the 2019 bull cycle back on track.
Bitcoin Will Become a Safe Haven Long Term
With all the tension in global trade, Bitcoin is increasingly being touted as a safe haven... even if it isn’t quite there yet. But it absolutely has the potential in the long run, according to Blockchain Capital partner Spenser Bogart.