Bitcoin is the Best House in a Tough Market: Fundstrat's Tom Lee

Postado Agosto 10, 2018

Bitcoin File has a total market capitalization of $0.00 and $381,004.00 worth of Bitcoin File was traded on exchanges in the last 24 hours.

Bitcoin File can be bought or sold on these cryptocurrency exchanges: Gate.io and Huobi. The rest of the movements within the next few days will depend on whether or not BTC has a powerful enough under current to propel itself up and over $6 400. In addition, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the BTC price was falling.

Bitcoin price declined sharply from the $7,150 swing high after the US SEC chose to postpone one of the ETF approval decisions. In the last week, X2 has traded 7.1% higher against the dollar. On the flip side, a downside break below the $6,139 low and the $6,100 support puts the price at a risk of trading to a new yearly low. The price per XRP is United States dollars 0.36.

Many altcoins featured on this list can be traded on Binance. They will reportedly be using a so-called "phased approach" for Dollars trading as the process takes a "gradual approach to ramping up these markets in order to ensure quality in processes and systems before making them available to qualified customers". The chart's two moving averages (MA) has the 100MA above the longer-term 200MA trendline which means things will likely stay bearish for the short term. This increase is surprising given the significant decrease in Bitcoin's price. At this time last week, Bitcoin was trading around $7,636 but has now dropped to its current level at $6,532.

Ripple is perhaps the biggest loser amongst the top 5 cryptocurrencies over the past 24 hours, after it lost more than 14% of its value over the past 24 hours. Now there is a slight fear that XRP may take a while to push through to $0.360, yet there is little worry of XRP slipping down to lower prices. Looking ahead at order books, BCH bulls need to surpass mega-resistance from now until $640 and after that, it may be easier to move northbound.

Hourly MACD - The MACD for BCH/USD is slightly placed in the bullish zone. For instance, BTC/USD spot prices have dipped three times to the $5,600-5,800 region but have not dropped less than that yet. On the downside, a break below $0.3198 may well clear the path for more losses towards the $0.3000 and $0.2800 support levels.