We have summarized the important details of the Bitcoin 4 October price movements as follows:
- In yesterday's Bitcoin transactions we saw buyers' requests to climb over $ 6,500.
- The BTC price of 425 - $ 6,550 went towards the end of the day and exceeded the 6.500 threshold.
- This rapid upturn continued in the new day, with Bitcoin on the first hours of the morning to hold the 6,600 limit against the dollar.
When we look at the situation of Bitcoin in Turkish crypto money exchanges, BTC exchanges 39,629 TL on the Paribu Bitcoin stock exchange, 39,850 TL on the BtcTurk crypto currency platform and 39,886 TL on the Sistemkoin crypto money exchange.
Bitcoin 4 October price movements
Bitcoin started the day with an ascent to October 4, the first moment of our attention in the same position 100 and 200-hour moving average was easy to pass. This upward momentum allowed the passage of $ 6,500 at the point of psychological resistance, but after testing the 6,600 band, we saw a little retreat.
After the ascension, we can say that a withdrawal of these amounts can be considered normal while the upward positive atmosphere continues.
Bitcoin yesterday's bottom level of $ 6,440 and the peak of the new day of $ 6,648, the reference points of the usual correction of the movement of the checkpoints of the BTC price of $ 6.625, we can meet the usual relaxation. BTC can try new summits towards the end of the week with the subsequent purchase transactions.
It should also be noted that the moving average levels at the same level for the corrective movement will be an important support point for BTC / USD parity. The fact that Bitcoin doesn't float below HO levels at $ 6,570 a day can help find new buyers.
Important technical indicators for Bitcoin
In the BTC / USD hourly chart, the MACD is in the positive region. But the histogram bars represent correction with a descending graph. Accordingly, the current correction may continue until the MACD level reaches 0.
The stochastic indicator is located in the overbought zone and may decrease to the middle level of the current graph. The RSI at 62 and the CCI at over 100 indicate a strong trend.
Posted from my blog with SteemPress : http://localhost/wordpress/2018/10/04/bitcoin-october-4-price-view-btc-continues-to-fluctuate/