Nov 4, 2019
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Daily Trending News and Market Sentiment: Overtaking Gold, UK Tax Guidance

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bitcoin

Bitcoin has staved off yet another threat to give up USD 9,000 in a rather rare Monday for Asian traders who took profits above that key support level, before Central Europe swooped in to the rescue, bringing Bitcoin up to its current levels of USD 9,242 at 12:30 pm UTC (CoinDesk).

This is shortly after creating the day’s high, so if prices remain below the high, we should expect more consolidation or even another attempt at breaking the current floor. But if we see more highs in the coming hours, we could be witnessing the start of a more serious attempt to breach new resistance levels, as discussed in yesterday’s analysis.

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