It seems like Bitcoin has lost its high volatility as the digital currency is trading within the channel of 6542-6610. Up to now, the currency is testing the resistance at 6610, which is 50-Day moving average
It seems like Bitcoin has lost its high volatility as the digital currency is trading within the channel of 6542-6610. Up to now, the currency is testing the resistance at 6610, which is 50-Day moving average.
Hopefully, the highly anticipated approval of at least one Bitcoin Exchange traded fund will be able to support the rise of Bitcoin. The U.S. Securities and Exchange Commission will decide on the approval on the 5th of November. We will see how the cryptocurrency will react.
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