Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on geyser.fund. Awesome perks are waiting for you such as the Bukele Blend Coffee.
 

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Bitcoin Seeks Support After Falling from $13,800

written by

Support free journalists: > send a tip

For the first time in almost a full week, Bitcoin price could not maintain a full day of upwards motion, first recording a consecutive daily high for 2019 at USD 13,389, before shedding USD 1,200 almost immediately after just hours before midnight UTC (CoinDesk).

According to some analysts, this is only Bitcoin’s first major pullback in 41 days, so bears will claim this as a small victory:

Apparently, avocados have been mirroring Bitcoin in the strangest way, in terms of price anyway.

https://twitter.com/btc_update/status/1144209797698510848

The stark contrast between the day’s low at USD 11,346 and high reflected a wild Thursday of trading, as profit takers sought to book in their gains at USD 13,000, while buyers tried to find a strong support line. USD 12,000 still looks like a resistance point at the moment, as Central Europe fumbles around for momentum but it will probably only be during North America markets that we see a clearer direction — either for consolidation or further retracement.

Among the bulls most vocal on social media is of course Anthony Pompliano, who reminded everyone that he was “deadly accurate” about predicting the 50% drop to USD 3,000 before a storming run to USD 10,000. He now says that his next target for Morgan Creek is USD 100,000 before the end of 2021.

Altcoin markets continue to bleed in the face of Bitcoin increased dominance in price and network statistics, but crypto influencer John McAfee is adamant that altcoins will see their prices surge 10 times faster than the world’s most recognized crypto:

And so it bring an end to a phenomenal week for Bitcoin, and bulls finally relent, for the day at least. All eyes will turn to the weekend, however, as that has always been the strongest indicator of the week ahead.

 

BitcoinNews.com is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow BitcoinNews.com on Twitter: @bitcoinnewscom

Telegram Alerts from BitcoinNews.com: https://t.me/bconews

Image Courtesy: Pixabay

Help spread this article :)

BitcoinNews.com is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

   Advertisement

Read More Bitcoin News

   Advertisement

Join our Newsletter

   Advertisement

Latest on Bitcoin News

Video of the Week

Join our Newsletter

   Advertisement