bitcoin sv Big Crypto Update: BTC Is Following Chinese Yuan (Also, BSV, XMR, LTC)

Earlier today Bitcoin did go all the way up to $12300 and that was an interesting price level because that is where the latest pullback began. This means that Bitcoin has retested the breakout level and we have also surpassed the long term resisting trendline, at least briefly so we should expect resistance in this area where we are now, around $11700 when Im writing this blog post.

Bitcoin is also following the Chinese Yuan, that is one of the major drivers right now and overnight, the Chinese currency did strengthen against the US dollar and that has now lead to a short term pull back for Bitcoin.

bitcoin sv Big Crypto Update: BTC Is Following Chinese Yuan (Also, BSV, XMR, LTC)
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Science & Technology	Upload TimePublished on 6 Aug 2019

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