According to the candlestick chart linked to the BTC/USD pair on tradingview [based on the data obtained from the Bitstamp Exchange], this top-ranked digital currency is being influenced by buyers in the market. The daily RSI [for 14 periods] has managed to recover and is at 36.11 which signifies that BTC has successfully left the oversold zone behind.
On the 6th, the Awesome Oscillator peak created bore the brown shade, although the two landing right after both possessed the green color. This points to the presence of bullish momentum, which undoubtedly helped BTC jump ahead of $8,200 after a bear-run had left hundreds scrounging for cover and panic-selling at an alarming rate.
$BTC – As you can see from the blue lines and volume profile Bitcoin price managed to break and close above the highest volume areas in this range
This will now typically act as support
$8,380s could act as resistance but price can run up to $8500s with a break above there pic.twitter.com/06PaiqdjTa
— Josh Rager 📈 (@Josh_Rager) October 8, 2019
Bitcoin is ranked at #1 in the market. The trading volume recorded stands at approximately $18.103 billion, while the supply has 17,979,975 BTC coins in play as of this very moment. The total market cap of Bitcoin amounts to $149.005 billion. The price surged by 4.31% in the course of the past 24-hours; this led to BTC climbing all the way up to $8287.3 where it presently rests.
John McAfee is renowned for his antics on social media. He has been a staunch supporter of Bitcoin since its inception. Being an anarchist himself, John has always fought against the system.
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— John McAfee (@officialmcafee) October 7, 2019