BTC Holds Above $5,000, Traditional Markets See Mixed Signals

Bitcoin is holding above $5,200, while the U.S. markets are shaky amid Trump’s threat to impose $11 billion in tariffs on EU goods.

Tuesday, April 9 — As major cryptocurrencies are trading sideways, Bitcoin (BTC) is holding above the $5,200 mark despite a minor decline in price. Meanwhile, traditional markets are down as United States president Donald Trump has threatened to impose $11 billion in duties on European goods.

Market visualization

Market visualization from Coin360

BTC is trading sideways over $5,200 after breaking the $5,300 mark yesterday. Mati Greenspan, senior market analyst at eToro, told Cointelegraph that the world’s top coin is now testing a new resistance line:

“We’re now testing a new resistance line exactly at $5,350 […] And notice we are trading well above the 200-day moving average. This was an indicator we were watching very closely as a kind of sign whether we are in a bull or a bear market.”

<div class="embed-responsive…

Read Full Story : News

2019-04-09 13:00:00