Yesterday we announced the release of our first Op-Ed Piece on Bitmain and their domination tactics to take over the Cryptocurrency Sphere, going as far as devaluing Bitcoin in order to prop up the value of their competitor, Bitcoin Cash.
This available to read over here.
On More Positive News,
As announced yesterday across our social media, we at Nouvive saw the price of Bitcoin and Ethereum go up by several per cent, this was as a result of the high amount of shorts, as well as the Sentiment indiciator illustrating that there was a need for Bitcoin to go up.
That isn’t to say that Bitcoin will go past the $6400 line, it has been constantly rejected at that level for the past several hours. If it fails to surpass this level, Bitcoin will try to retest the critical support at $5880.
As you know, if it fails to reject the critical support, we will see $5400.
Today, is the 15th of August 2018, this is just a date for the vast majority of Investors, but to the Nouvive team, it is the settlement date of the CME Futures. Moreover, there has been close to $50Mn worth of Bitcoin’s sent to Bitmex. This gives us the indication that today, especially during the close of New York and Asia, we will see a wild race of Bitcoin to retest both the $5800 and $6400 line.
As a result of the positivity of Bitcoin being rejected by the $5800, we did see the rest of the market light up in Green on this excellent piece of News.
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