Bitcoin update: Wakes up and hits $3,900, still hesitant
|BTC/USD woke up from its slumber and rose to $3,900. The cryptocurrency traded at an extremely narrow range around $3,840 beforehand. Other digital coins such as Ethereum and Ripple are also on the move.
It is yet to be seen if the move turns into a broader one, or if the grandaddy of cryptos will revert back to the familiar range.
From the latest analysis:
For today, the focus is on the ETH/BTC chart in the 4-hour chart. The price moves at the apex of an upward triangle and playing with the lower support dangerously. What's more, in the final hours of the Asian session it has closed below the trend line although in the European opening it recovers the level.
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