On Sunday, the Bitcoin price was high from the US dollar from the difference of 7.28 percent.

During press time, the USD/BTC rate was trading at 4,158-fiat leading to the completion of the formation of an opposite bear process. However, the recent jump in the USD rate has confirmed the factors which were considered to smash at a particular point. As per the current scenario, traders can opt to stay till the USD/BTC rate goes a little higher. This approach will benefit traders in the longer term, or they can set their limit order beneath the bottom line to recover their maximum Bitcoin price. Further, the Bitcoin market is following a bullish trend in the short term. The pair of USD/BTC is heading with 50-period on an average basis, and the RSI momentum is trading at 60 and may fly at a higher rate. Also, the MACD (Moving Average Convergence/Divergence) pointer reflects a positive trend. Meanwhile, individuals are of the opinion that the Bitcoin price may show some upward trend as the market was leading with a price of 3,430-fiat. This implies that one cannot confirm the bottom price unless the situation gets above 4500-fiat.

Leave a Reply