news

bitcoin

1 X bitcoin bitcoin =

Wednesday

30 September 2020

Bitcoin price abruptly drops 3% after miner outflows hit 5-month high

Bitcoin price abruptly drops 3% after miner outflows hit 5-month high


smart summary beta

Throughout the past week, on-chain analysts have said that miners have been selling relatively larger amounts of BTC.

Traders say that such a major resistance level is unlikely to get breached at a first attempt

Scott Melker, another popular cryptocurrency trader, said that the $10,500 region was a major resistance for Bitcoin. 

Considering the significance of the resistance level, the trader said it is not likely to result in a major pullback

Meanwhile, in his latest Bitcoin price technical analysis, trader Michael van de Poppe also pointed out this level as an important barrier to break in the short term

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Article Metadata

author

site

cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2018