Back Above $4,000: Bitcoin Price Eyes Next Major Upside Hurdle

in #cryptocurrency • 7 years ago

Click image to view story: Back Above $4,000: Bitcoin Price Eyes Next Major Upside Hurdle

Having successfully defended the key rising trend line support over the last few days, the bitcoin-US dollar (BTC/USD) exchange rate is well bid above the $4,000 mark today.

At press time, the cryptocurrency that powers the world's largest blockchain is trading at $4,070, up 3% on the day. On a monthly basis, though, it is still nursing 6% loss.

With the positive price action, investors appear to also be turning a blind eye toward news out of China that indicates at least one major domestic bitcoin exchange has followed through on apparent orders from regulators to stop yuan trading.

"All customers will be able to withdraw all their funds from our exchanges within 72 hours," BTCC said in a statement.

Full story at http://bit.ly/2yGkep0

Source: CoinDesk

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7 years ago in #cryptocurrency by
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     7 years ago 

    Cats can judge within 3 inches the precise location of a sound being made 1 yard away.

    Thank you for your upvotes. Click The Cat Join The SteemThat Movement!

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     7 years ago 

    it is crazy. 4000 for nothing...

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     7 years ago 

    Breaking resistance trend lines and having small bear inside bars the last few times has been great signs for upside. Daily TA's are looking good too, so I think there will probably be a few days of rally.

    [-]
     7 years ago 

    Upvote & resteem .... ha , as of this hour BTC recovering nicely, 4240.00 this very second! Keep up the great job! follow @lurehound

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     7 years ago 

    This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

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     7 years ago 

    This is good news, to have broken the 4k barrier again, now the march onto the next magic number @sydesjokes

    [-]
     7 years ago 

    Finally some good news.
    Until the next FUD...