Bitcoin (BTC) Fights for $9,500

(BTC) broke above the $9,400 range once again for the second time in about a week, but retreated below the $9,500 mark. Now, BTC is still seeking direction on volumes rising from 21 billion to 28 billion in 24 hours.

BTC traded at $9,289.39 as of 8:43 UTC on Tuesday, crashing from an earlier price of $9,414. BTC touched $9,505 late on Monday, but retreated from that level. The recent hike to above $9,500, however brief, mended the Bitcoin fear and greed index, from 49 to 54 points, closer to the “greed” region.

However, BTC has also shown its price may depend on a short-term pump, while less volatile prices often led to a gradual slide. There are always skeptics seeing BTC correct to a lower range.

https://twitter.com/Cryptoeasymone2/status/1191631105453182977

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.