Wednesday, July 31, 2019
The price poked above the $9'800 resistance but did not sustain. Could we reach the 5 digits in the near future?
Current support/resistance: $9'100/$9'800
A solid support at $9'4000 pushed the price, breaking the strong resistance of $9'800. However, the momentum was not sufficient and the price came back to lower levels. The hashrate keeps increasing and reached a new all-time high. The current trading range is contracting and will probably not hold for much longer. We shall see if the bullish hashrate will be enough to create an uptrend.
Technical indicators are still in the red but getting closer to send again bullish signals.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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