Price
Weekends did not bring any volatility and pass in the narrow lateral movement. The main levels for the current week will be last week’s bounds, the low at 6100 and high at 6600. Local near-term support was established during the latest days at 6400. From the weekly perspective, the last few weeks have the potential to form a turnaround pattern if BTCUSD will manage to close the week above 7000. Importance of the 7000 level also means that it will act as a strong resistance. Breakthrough below last week’s low will lead the price to the 5750 support. Overall, bounds for the week: 6100 – 6600; and important bounds for today: 6400 – 6600. The longer the price will hold above 6400, the more bullishness the picture will gain thus the more probable will be testing of the 6600 and a possible way to 7000.
Today forecast
Trading in the 6400 - 6600 zone. Breakthrough below 6400 will open 6100. Breakthrough above 6600 will open 7000.
Latest news
Weekends did not bring any volatility and pass in the narrow lateral movement. The main levels for the current week will be last week’s bounds, the low at 6100 and high at 6600. Local near-term support was established during the latest days at 6400. From the weekly perspective, the last few weeks have the potential to form a turnaround pattern if BTCUSD will manage to close the week above 7000. Importance of the 7000 level also means that it will act as a strong resistance. Breakthrough below last week’s low will lead the price to the 5750 support. Overall, bounds for the week: 6100 – 6600; and important bounds for today: 6400 – 6600. The longer the price will hold above 6400, the more bullishness the picture will gain thus the more probable will be testing of the 6600 and a possible way to 7000.
Today forecast
Trading in the 6400 - 6600 zone. Breakthrough below 6400 will open 6100. Breakthrough above 6600 will open 7000.
Latest news
- Bitcoin whale movement have been spotted
On Thursday 13th the transaction of 30000 BTC was spotted on one of the famous big-whales wallets 3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r , of an unknown owner, that contains about 170,000 BTC total. Earlier this account already transferred 10,000 and about 10,000 more in small transactions, starting from 9th of September.
In an effort to determine the wallet’s owner, some people have made points referring to the 30,000 BTC that the FBI seized during the Silk Road investigation and sold them to Tim Draper back in 2014. Despite these assumptions, most people maintain that the huge Bitcoin movement could just be a routine procedure possibly by an owners’ group that wants to add or remove a co-signer from a multi-sign list or by one of the big exchanges, like Bitfinex.
