Bitcoin price is struggling with $ 10,000

The price of Bitcoin lost in the last 24 hours of travel. With almost 10 percent compared to the previous day, and he is currently 10.180 US Dollar. Below this brand, he was previously just short. The 10,000-US-Dollar-brand?

By Phillip Horch
15. July 2019BTC$10.532,00 -0.84%part Facebook Twitter LinkedIn xing mail

The Bitcoin-writes course in the red. Ten percent of the largest crypto currency by market capitalization had to lose in the last 24 hours over 1,000 US-Dollar. Similarly, in the weekly review. There the price of Bitcoin fell by almost eleven percent.

crypto-rates: Ripple (XRP), Ethereum (ETH) and IOTA (IOTA) in the descent

As is so often the crypto market moves the price of Bitcoin enjoyed its suffering the same with the direction of the South. So Ethereums Ether crashed course within one day by a mere 18 percent. Currently, the Ethereum course (Ether) is 220 U.S. dollars.

the Ripple of the course and the XRP-Token fights with losses. The crypto-currency number Three lost in the last 24 hours, six per cent and is currently trading at 0,312 US Dollar.

The IOTA-and IOTA-Token is currently at just $ 0.29. Thus, the IOTA course lost in one day about 13 percent.

Bitcoin whales in calm waters

While in the case of strong price movements is a view of the Walvis basin of Whale Alert is often rich, it was there in the last few hours of relative calm. So the Blockchain analysts list only two of the larger Bitcoin movement in the last 24 hours. Accordingly, BTC whales moved on 14. July 975 units of the largest crypto-currency.

technical analysis for Bitcoin price

provides The technical analysis of the Bitcoin price, as always, our Chief Analyst, Dr. Philipp Giese.

The Bitcoin exchange rate has tested yesterday the Support of a since the end of June passed through the Triangle Pattern, fell below this Support, and continues this movement down now. Currently, the moving average at the end of the tested in last 50 days.

A glance at the indicators of true concern: The RSI is under 50 and not more is as low as it was in February 2019. Likewise, the MACD is negative and falling. Only the Aroon indicator is still undecided. The overall impression is bearish and confirms the note of caution, we posted a few weeks ago: The current Bull Run is certainly tested. The price should bounce off of the MA50 at approximately 9.855 US Dollar in the long term, rates could return to the July highs.

A Long Position with a Stop Loss at the level of the MA50 with Targets in the case 11.378,99 US-Dollar and 13,200 US dollars is. The price of Bitcoin falls to sustainably below the MA50, one might think more likely to have a Short Position, the Stop Loss again at 9.855 US dollars and as a Target 8.021, $ 10 target. Including the next important target at about 6,800 US dollars would find: Here the sliding is the average of the last 20 weeks, an important Support in times of the bull market.

For Ethereum and, in particular, XRP the situation is even more dramatic: Ethereum is now under the between the may and June existing Plateau and is nearing a Test of the moving average of the last 20 weekends. As is the case with Bitcoin, the indicators point to a bearish language. XRP is now fallen under the MA20 in the weekly chart and all of the profits, the Ripple could produce in the course of the course pumps from the beginning of may, now released again.

Fundamentally there is no reason to worry

Although it has expressed US President Donald Trump last week's negative about crypto-currencies. By a direct action on the crypto courses is not, however, respond on the basis of this Expression, a set of these but only with some time delay in movement. In the long term, the BTC Ecosystem will continue to develop positively. Accordingly, the U.S. Securities and Exchange Commission allowed last week, the first STO on U.S. soil. Also the Hash Rate as well as the dominance of the largest crypto-currency is rising and relatively high Levels are.

Nevertheless, there is still much to be done in order to help the BTC environment and more stability. Because Exit are Scams and attempts at fraud in the Blockchain environment are not uncommon. Here it is for the Community to work on the internal security.

First of all, it is certainly the case, to keep the $ 10,000 mark, the Bitcoin price in the eye. This is still psychologically important.

Disclaimer: The Charts were made with the help of trading view. Shown is the development of the Bitcoin exchange rate on the Basis of the Pair BTC/USD on Bitstamp.

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