After wavering for quite a while, Bitcoin is back in the green zone. The BTC dominance rate sits at 70.2%. The price rose slightly at a rate of 0.06% in the course of the past 24-hours. The trading volume recorded stands at $12.833 billion, whereas the supply has 17,935,112 BTC coins involved in circulation. As of this instant, the total market cap of Bitcoin is $185.243 billion. BTC is priced at $10,328.56 in the market.
Donald Trump tweeted opposing the policies undertaken by the Federal Reserve. He and his supporters wish to “End The Fed”. The Reserve has always been out of reach for the common folks, but considering the fact that Donald is the most powerful man in the United States, the ones in-charge might have to deal with a few beads of sweat.
European Central Bank, acting quickly, Cuts Rates 10 Basis Points. They are trying, and succeeding, in depreciating the Euro against the VERY strong Dollar, hurting U.S. exports…. And the Fed sits, and sits, and sits. They get paid to borrow money, while we are paying interest!
— Donald J. Trump (@realDonaldTrump) September 12, 2019
According to the candlestick chart linked to the BTC/USD pair on tradingview, the king coin is trying to recover in spite of sellers trying to push down the price of the asset with all of their [combined] might. The daily RSI is at 50, and the MACD line has stayed atop the signal line for the past 12 days.
Barriers may be felt near the $10,932.4 mark, and support lies close to $9370. The Awesome Oscillator peaks are yet to venture above the zero line, though the final three bear the green shade. The next target for the king coin would be $11,000 if there are fewer hitches on the way.
China is getting increasingly vulnerable to external shocks. Current account & fiscal deficits are symptoms of weakness, instability & being desperate to prevent a stock market collapse. Will Beijing get their debt under control?
So, what should Chinese do? Buy #Bitcoin. pic.twitter.com/BlzOj7d6Gp
— Bitcoin (@Bitcoin) September 13, 2019
About Post Author
Aditya Chatterjee
A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.
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