Every day is titillating ter the world of cryptocurrency. Albeit that excitement is sometimes difficult to justify, any market trend is worth keeping tabs on. Today, there is no act going on to take note of, albeit a loterijlot of people wonder when the Bitcoin Specie price will come back to $900 merienda again.
Bitcoin Contant Price Comes in Sideways Mode
Ter the world of cryptocurrency, there are three different types of market trends. The upward momentum, which everyone favors, and there is the downward momentum, which some margin traders can benefit from. Perhaps the most boring of them all is the sideways momentum, which seemingly has a stiff houvast on the Bitcoin Metselspecie price spil of right now.
Albeit the Bitcoin Contant price holds its own near the $875 mark, it is not the value most holders are looking for. For a few days now, it seemed spil if a shove to 900 would materialize soon. Yesterday wasgoed almost that day, spil this threshold wasgoed reached on two separate occasions. Unluckily, it did not become the fresh Bitcoin Specie price support level just yet.
Instead, there has bot a negative trend which eventually turned into sideways trading. Spil such, the Bitcoin Contant price lost 0.24% te USD value overheen the past 24 hours. It also lost 1,02% overheen Bitcoin, which is seemingly the main reason for this somewhat unexpected downtrend. Given the current market conditions, reaching $900 may not toebijten anytime soon.
Even tho’ BCH has, unlike some other altcoins, no vivo problems ter terms of trading volume, the numbers aren’t exactly titillating either. With just overheen $412 million 24-hour trading, the vivo request for Bitcoin Contant has yet to materialize. Until that happens, no efectivo Bitcoin Metselspecie price switches will occur, which will undoubtedly make some people jumpy.
OKEx is still a very popular toneel for trading BCH. Its USDT and BTC pairs are both te the top three, separated by EXX’s. BTC market. HitBTC adds another BTC pair to the list, and Bitfinex’s USD pair closes out the top five. So far, it seems very little fresh caudal is coming in the BCH market, albeit things are always subject to switch.
For those hoping for a Bitcoin Contant price of $900 and higher, the wait is far from overheen. It is overduidelijk the markets are still subject to a fair amount of bearish pressure very first and foremost, which makes any sideways trading momentum a petite victory of its own. With the weekend almost upon us, interesting things can toebijten, tho’.