Bitcoin (BTC) to consolidate around $8,300 before $9,000
On October 10 we witnessed a low-volatile session during which BTC stayed mainly in the zone around $8,570 and did not change in price.
The last day of the workweek came with a huge loss for the coin as it dropped back down below $8,300. The 3.8 percent correction resulted in BTC stopping at $8,262.
The weekend of October 12-13 started with a small increase on Saturday. The most popular cryptocurrency regained its position at $8,300. On Sunday, October 13, it was trading in the wide are between $8,480 -$8,137 and only managed to register a small loss to $8,277 closing the week with a 5 percent increase.
Expecting a consolidation and range trading around $8,300 for the next few days. Depending on altcoins progress, I would say we can see an attack of the $9,000 level soon.
The last day of the workweek came with a huge loss for the coin as it dropped back down below $8,300. The 3.8 percent correction resulted in BTC stopping at $8,262.
The weekend of October 12-13 started with a small increase on Saturday. The most popular cryptocurrency regained its position at $8,300. On Sunday, October 13, it was trading in the wide are between $8,480 -$8,137 and only managed to register a small loss to $8,277 closing the week with a 5 percent increase.
Expecting a consolidation and range trading around $8,300 for the next few days. Depending on altcoins progress, I would say we can see an attack of the $9,000 level soon.