Summary:
- The bitcoin market is experiencing a strong rally that has us testing the strength of the $8,300 resistance level.
- So far, the support level at $8,090 is holding and as long as the daily candle doesn’t close below the support level the market is poised for a retest of the $8,500s.
- If we see a close below the $8,090 support we will likely see a retest of deeper support at $7,700.
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The post Bitcoin Price Analysis: Strong Rally Retests Macro Resistance appeared first on Bitcoin Magazine.
Via: Bitcoin Price Analysis: Strong Rally Retests Macro Resistance
A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
Blockchain 101 · Crytpo Currency Market
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