Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 18 September 16:20 (GMT -05:00)



Foreign exchange market

Bitcoin Goes Down, Getting Closer to 8000 USD/BTC


Earlier today, the world’s first and most expensive crypto currency was going down while continuing the downtrend seen a day before. According to CoinMarketCap, the BTC exchange rate dropped below 8300USD/BTC, though it recovered a bit later on. Over the last 24 hours, the currency lost more than 5% of its dollar value.
 
Experts say that the Bitcoin exchange rate is now getting closer to 7900-8100 USD/BTC area of support. If the exchange rate decides to test the support area, it may well have a hard time overcoming it right away.
 
However, the bearish scenario – the one promising a move down below 8000 USD/BTC – is obviously not the only viable scenario for the BTC market. Apparently, if the news background improves and turns bullish, this may well change the situation.
 
In particular, there is an annual cryptocurrency conference. It’s called Consensus. It’s currently taking place in New York. The results of the conference (if positive) may eventually back the entire global market of digital currencies. One again, some good news may reverse the situation and bring the BTC exchange rate back to 8800-9600 USD/BTC – the price range the exchange rate used to stay in early May when every other expert was expecting a move above 10000 USD/BTC in a matter of weeks or even days. Now that the situation has changed, they are not in a hurry to specify when the cryptocurrency conquers the resistance level.



 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Masterforex-V Academy Names World's Best Forex Brokers

There are quite a lot of FOrex brokers out there, which is why even FX experts may have a hard time finding one of the best representatives of the FX industry.

Publication date: 15 September 10:43 AM

China's Central Bank Wants to Legalize Cryptocurrencies

The People's Bank of China is currently seeking expert advice regarding turning cryptocurrencies into legal financial asset and payment means in China. According to some financial experts from China, the Chinese authorities have been showing keen interest in blockchain-based technologies, ICOs, and digital currencies. However, they have been cautious since they don't want the international community to know about it.

Publication date: 13 September 11:00 AM

Russian Forex Jurisdiction Gains Strength

After the summer break, investors are going back to business, refreshed and ready to go productive. Most of them see September as the beginning of a new life cycle in their career. its not accidental that an unprecedented event is planned by Alpari Forex. The Alpari office located in Saint Petersburg, Russia, will welcome Evgeniy Masharov, who is in charge of the Association of Forex Dealers. He is visiting Alpari Forex for the first time and planning to participate in a meeting with some of the Forex traders and investors registered in the Russian FX jurisdiction.

Publication date: 03 September 10:44 AM

Near-Term Bitcoin Prospects

Bitcoin has been feverish and going up and down in value, and the entire crypto-market has been following the world's first and biggest cryptocurrency.
 
Publication date: 21 August 11:14 AM

There's Nothing Wrong About Crypto-Market Downtrend, Ethereum Co-Founder Lubin Says

The ups and downs currently seen in the global market of digital currencies do not reflect the current state of affairs in the market, Joseph Lubin thinks. By the way, he is the founder of ConsenSys and a co-founder of Ethereum, the world's second-biggest cryptocurrency in terms of market cap. 

Publication date: 21 August 10:48 AM

Bitcoin May Continue Downtrend

The bearish market bias has been setting in for a while. This started shortly after the SEC decided to delay their decision on the Bitcoin ETFs for such companies as VanEck and SolidX. This is confirmed by ForkLog. 

Publication date: 09 August 11:43 AM

Philip Nunn Predicts $60K for Bitcoin in Late 2018

According to Philip Nunn, CEO of Blackmore Group and Wealth Chain Group, the BTC exchange rate is likely to skyrocket all the way up to 60000 USD/BTC.

Publication date: 09 August 10:38 AM

Bitcoin lost 7% in 24 hours

The Bitcoin exchange rate has gone down by 7% over the last 24 hours. In particular, the exchange rate dropped down to 7500USd/BTC.

Publication date: 01 August 10:56 AM

Panic Around Winklevoss Brothers Hasn't Dropped Bitcoin Below $8000

For those of you who don't know, the SEC has recently declined the Winklevoss Brothers' request to create an exchange-traded fund (ETF). Shortly after the news, some cryptocurrency investors started panicking. At the same time, some experts started predicting another downtrend in the global market of cryptocurrencies in general and Bitcoin in particular.

Publication date: 30 July 12:30 PM

Bitcoin Gained Over $1000 In a Week. The Uptrend Is Still Underway.

After a couple of months of stagnation, the cryptocurrency market seems to start recovering and regaining the lost ground. Over the last couple of weeks, the BTC exchange rate increased by more than 1000 dollars. Other popular cryptocurrencies followed.

Publication date: 26 July 01:24 PM