- Bitcoin has reached a daily high at $8,849.52
- It has taken advantage of our editorial chart and follows your investments in real time.
Bitcoin is currently exceeding technical resistance at $8,400, trading at $8,444. The next cap is $8,800 – relative maximum – where it has previously failed in late May.
The upside move lacks the support of Ethereum or Ripple, which increases the possibilities of an impending bearish turn.
Indicators cast doubt about the integrity of the movement and fail to cross over to the upside.
The lack of upward momentum on the XRP chart, as well as Ethereum, are a heavy handicap for the Cryptocurrencies market.
News that indicates the adoption of the technology by giants like Facebook can be behind this rise. Others have suggested that the cause of this selective interest in Bitcoin has its origin in global political instability – as an economic war underway.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.