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Weekly Wrap 07/02

Market News
All eyes were on Bitcoin and top altcoins this week as Bitcoin bulls managed to push up the price with enough momentum to break the $9500 resistance level. We are facing some resistance at the $9800 level but it appears as if we may breach $10000 in the next few days. $10000 is a key psychological resistance level though, so it remains to be seen if we can successfully close above this level. It appears as if the price of Bitcoin is also getting spurred by uncertainty around the Coronavirus death toll figures, however technicals have been showing a high probability of a breakout.
Both BCH and ETH also experienced upward movement this week, though BCH moved back down quickly and appears to be struggling to maintain momentum. ETH has had sustained price jumps in the past few days, with volume remaining high. As ETH and Bitcoin are correlated though, the price needs to be monitored as Bitcoin faces key resistance levels.
Industry News
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submitted by Camaa to InvictusCapital [link] [comments]

Weekly Wrap 07/02

Market News
All eyes were on Bitcoin and top altcoins this week as Bitcoin bulls managed to push up the price with enough momentum to break the $9500 resistance level. We are facing some resistance at the $9800 level but it appears as if we may breach $10000 in the next few days. $10000 is a key psychological resistance level though, so it remains to be seen if we can successfully close above this level. It appears as if the price of Bitcoin is also getting spurred by uncertainty around the Coronavirus death toll figures, however technicals have been showing a high probability of a breakout.
Both BCH and ETH also experienced upward movement this week, though BCH moved back down quickly and appears to be struggling to maintain momentum. ETH has had sustained price jumps in the past few days, with volume remaining high. As ETH and Bitcoin are correlated though, the price needs to be monitored as Bitcoin faces key resistance levels.
Industry News
Other news
submitted by Camaa to cryptotwenty [link] [comments]

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Bitcoin Last Time This Happened 50%+ Move Occurred! April 2020 Price Prediction & News Analysis

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