Bitcoin is the top-ranked asset based on data obtained from coinmarketcap. The BTC dominance rate rests at 67.7% as of this moment. The price grew at a rate of 2.08% in the course of the past 24-hours. This brought BTC all the way up to $8222.53 where it presently holds. The trading volume recorded stands at roughly $15.980 billion, whereas the supply has 17,961,412 BTC coins included as part of circulation. The total market cap of Bitcoin amounts to $147.688 billion which depicts a slight recovery compared to the value attained a day ago.
– Mining in Venezuela
– Venezuelan gov’t buying BTC
– Crossing boarders w/ BTC
– much more
Listen and learn.https://t.co/JeGIcvIeFw
— Marty Bent (@MartyBent) September 26, 2019
According to the candlestick chart connected to the BTC/USD pair on tradingview, this major virtual currency is yet to escape from the clutches of bears. The daily RSI [for 14 periods] is at 23.27 which signifies that Bitcoin is still being oversold for now. On the other hand, the gap between the MACD line and the signal line has decreased marginally, pointing to bearish pressure lessening in the market.
For the past one-and-a-half-weeks, the peaks tied to the Awesome Oscillator have ventured underneath the signal line; they all bear the brown shade. This indicates that sellers are stepping up their game, while the buyers are trying to push Bitcoin to new highs. A support level can be found adjacent to the $7748 mark, and resistance may be felt near $10373. The Ichimoku Cloud remains crimson, though the space between lead 1 and lead 2 has considerably thinned down.
#Bitcoin 3D TF-
For me, this is now the most likely of scenarios to be honest. I believe we have seen the high for Bitcoin for 2019 and after the last leg down we will likely begin a new accumulation phase again. Q4 ALTCOIN GLORY propaganda, yes sir.
weallgonnamakeit.jpg 🌝 pic.twitter.com/zy80X4VqQB
— ESCO₿AR (@TraderEscobar) September 27, 2019