Bitcoin (BTCUSD) Broke the Psych Resistance at $7000 Each

Bitcoin (BTCUSD) Broke the Psych Resistance at $7000 Each

Bitcoin (BTCUSD) Broke the Psych Resistance at $7000 Each

$BTCUSD

Bitcoin, the biggest digital coin rose  12% Tuesday.

Currently, Bitcoin is trading at 7,462.686523,+796.020020, or +11.940341%, as of 5:20a BST, the market is open.

Bitcoin last traded above $7,000 on June 8, before getting caught in a sector wide sell-off that wiped out about $42-B over the following weekend.

Some observers pinned that retreat on an exchange hack in SKorea, while others pointed to lingering concern over a clampdown on trading platforms in China.

Cryptocurrency venues have come under scrutiny around the world in recent months due a range of issues including thefts, market manipulation and money laundering.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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