Bitcoin (BTC) Stages Relief Rally to $8,200

(BTC) staged a relief rally on Sunday, moving above the $8,000 range once again. The move for now rolls back the scenario of a quick drop to a lower range. The move happened on volumes above $15 billion’s equivalent, extending the BTC dominance to 66.7%.

BTC is still at the crossroads, with a long period of stagnation that starts to recall the price move from November 2018. Since September 23, the BTC price adopted $8,000 as a new range of stability, going down from a few months spent at the $10,000 level.

More than 70% of BTC trading is in the pairing with Tether (USDT), up from 65% at the end of Septe…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.