Bitcoin Price Breaks Medium-Term Resistance after Surging 8% Near $4,000

   2019-02-19 01:02



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Bitcoin, bitcoin price

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Bitcoin, bitcoin price

The Bitcoin market came back on its bullish track during the February 18’s trading session.

The Bitcoin-to-Dollar rate (BTC/USD) on Monday established an intraday high towards 3917, up 8.08% since the open. The pair rallied through the Asian session and continued its upside momentum after the European market opened. Around 1600 UTC, BTC/USD also broke through a strong resistance trendline of the medium-term triangle pattern discussed in our Bart Simpson analysis. Have a look:

BITCOIN, BTC USD, BITCOIN PRICE

BITCOIN PRICE 4H CHART | SOURCE: COINBASE, TRADINGVIEW.COM

Last week, we had left the Bitcoin market in a bias conflict. The cryptocurrency was forming what looked like a bull flag. Nevertheless, as the flag was generated out of a one-day rally of February 8, we were unsure about its sustainability in the near-term.

Read the full story on CCN.com.


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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin19,206 2.05 % 2.44 % 4.60 %
Ethereum602.27 2.53 % 0.86 % 0.99 %
XRP0.6357 2.34 % 1.50 % 3.86 %
Tether0.9973 0.42 % 0.46 % 0.05 %
Litecoin89.84 6.22 % 7.34 % 1.35 %
Bitcoin Cash298.87 3.81 % 1.10 % 7.89 %
Chainlink13.94 2.42 % 2.68 % 8.53 %
Cardano0.1611 2.59 % 4.78 % 4.88 %
Polkadot5.280 2.39 % 0.20 % 10.50 %
Binance Coin30.52 1.48 % 2.29 % 1.23 %
Stellar0.1920 3.13 % 4.11 % 47.13 %
Bitcoin SV175.65 2.04 % 2.38 % 10.80 %
USD Coin1.000 0.02 % 0.81 % 0.40 %
EOS3.110 2.42 % 3.10 % 8.07 %
Wrapped Bitcoin19,215 2.10 % 2.14 % 4.25 %
Monero127.11 1.97 % 0.25 % 2.05 %
TRON0.03134 2.17 % 2.41 % 0.45 %
Tezos2.360 1.57 % 4.79 % 9.94 %
NEM0.1888 3.21 % 3.25 % 28.85 %
cDAI0.02080 0.67 % 0.37 % 0.08 %