Bitcoin closed the day candle on EMA 21, more than $ 8.6 million was bought this morning

Bitcoin price analysis today (October 27, 2018)

Bitcoin (BTC) has entered the third day in a row to trade below the $ 7,000 mark. Currently, the market's largest cryptocurrency is at $ 6,882 - recording a 5.2% decline from the latest high of $ 7,265.

After being rejected at a daily high of $ 7,265 on Friday, Bitcoin's yesterday trading session was quiet, without much volatility. The price of BTC has almost no movement around the $ 6,800 area.

Positive signals

Even so, it seems that in the near future, going up is still the main trend of Bitcoin. The closing of the BTC trading day is still above MA 21 as a cryptocurrency analyst pointed out.

On his Twitter, cryptocurrency analyst Teddy pointed out that, despite the falling price as Bitcoin still has a relatively strong closing day. Bitcoin closed above the 21 EMA and inside the cloud. And the second is a close above a previously established low area (the area where Bitcoin existed for some time before it passed). These are the reasons this analyst considers to be a positive sign for Bitcoin

Not only did Teddy appreciate Bitcoin's uptrend, but Flood, a cryptocurrency trader, shared the same opinion. In a recent tweet, he believed that Bitcoin was in a good position after closing for 6 hours on the upside. Therefore, the digital currency could head towards the $ 7,200 mark.

More than $ 8.6 million of Bitcoin was purchased this morning

According to WhaleTrades, on Sunday morning alone (April 12), more than $ 8.6 million was bought into Bitcoin in the price range from $ 6,700 to $ 6,900. Thereby, it also shows a part of traders' belief in Bitcoin's bull market in the near future. In particular, halving is a factor that reinforces stronger market confidence.

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According to BeInCrypto
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About My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently. Mr Cuong.
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