News: Fresh Bitcoin Uptrend May Start in September, But Drop to $7,000 Could Precede Bull − 稼げる投資系口コミ情報サイト【Trade Center】

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https://www.newsbtc.com/?s=Fresh%20Bitcoin%20Uptrend%20May%20Start%20in%20September%2C%20But%20Drop%20to%20%247%2C000%20Could%20Precede%20Bull%20Run

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Transcript:

0:00:00 Fresh Bitcoin Uptrend May Start in September, But Drop to $7,000 Could Precede Bull Run

0:00:06 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:12 Bitcoin and the aggregated crypto markets are experiencing a day of green after facing strong selling pressure over the past couple of days.

0:00:20 Analysts are now noting that an extension of the selling pressure recently incurred by the markets could send Bitcoin reeling down towards $7,000, but this move may spark another major uptrend that allows BTC to end 2019 on a high note.

0:00:34 At the time of writing, Bitcoin is trading up nearly 4% at its current price of $10,030, which is up significantly from its 24-hour lows of $9,600 that were set yesterday.

0:00:47 Bitcoin’s recent dip below $10,000 came about after it made a rapid advance towards $11,000 during this past weekend, which was met with strong selling pressure that sparked the recent sell-off that sent BTC to just below its current price levels.

0:01:01 Josh Rager, a popular cryptocurrency analyst on Twitter, spoke about this latest move down in a recent tweet, explaining that $9,900 is a key price level that BTC must hold above, or it is highly likely that bears will send its price reeling lower in the near-term.

0:01:17 “That was fast.

0:01:19 $BTC needs to hold above $9906 or there will likely lead to retest of the $9600s,” Rager said while referencing the below chart.

0:01:30 Importantly, it does seem as though bears have an edge of bulls at the current moment, which may mean that Bitcoin will drop further in the near-term before bulls once again take the wheel and lead the crypto higher.

0:01:40 RJ, another cryptocurrency analyst, spoke about this possibility in a tweet to his over 7,100 Twitter followers, explaining that he believes the next uptrend will begin in September.

0:01:51 Thanks for watching this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

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