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Bitcoin and Cryptocurrency are slightly higher at Monday trading

2019-07-29 08:35 am | Resource: New | No Views : 33

Bitcoin and Cryptocurrency are slightly higher at  Monday trading Bitcoin and slightly encoded markets rose slightly today after experiencing heavy downward pressure over the past two days as Bitcoin and other major Cryptocurrency prices rose on Monday in Asia, although there is no news item attributed to the rally.

Recent price action indicates that sellers are now fully in control of the Cryptocurrency, where Bitcoin has been under great selling pressure lately, causing significant damage to its technical strength. Without a big boost from bulls, Bitcoin may face a weak weekly reflecting the bullish trend on the Cryptocurrency over the past months. Over the past few weeks, Bitcoin has hit its highest level, a trend that began in late June when Bitcoin recorded a sharp rally of about $ 13,800, the highest level in 2019.

These selling pressures come despite some recent bullish fundamentals, including the Bank of China's offer of what could be defined as bullish forecasts for the Bitcoin currency. This downward pressure is just an extension of that which was incurred a week ago when the Cryptocurrency moved sharply to $ 11000 before incurring a sudden burst of selling pressure that led to its current highs.
  • Bitcoin is currently trading above $ 9500 levels trying to try bulls pushing the BTC to the upside

According to Anthony Pompiano, Bitcoin (BTC) is seeing flows of senior investment officials in some "multi-billion dollar enterprises". Although this is not a direct investment of funds - whether family offices, hedge funds, pensions, risk funds or endowments - this is a strong step in the right direction for the Cryptocurrency space.

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  • Bitcoin rose 2.5% to $ 9761.8.
  • Etherium rose 2.3% to $ 211.99.
  • The XRP rose 0.6% to 0.31208.
  • While Litecoin traded up 2.2% to $ 90.538.

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