Bitcoin Today: holding above 9250 - positive sign
Price
BTCUSD came back above the 9000.0 level supported by high volume and momentum. The fact that after the breakthrough the price almost immediately climbed above the 9250.0 level also talks in favor of bullish sentiment of the market. Breakthrough of the 9500.0 – 9700.0 zone is required to continue the growth cycle, till then we expect movement in the 9000.0 – 9500.0 channel. Fall below the 8800.0 level will change the outlook to a deeper correction.
Today forecast
Trading in 9000.0 – 9500.0 zone.
Latest news
Mt. Gox Moves Around $165 Mln In BTC And BCH From Its Wallets. 16,000 Bitcoin (BTC) and 16,000 Bitcoin Cash (BCH) have been moved out of cold wallets associated with the infamous, now defunct Japanese Bitcoin (BTC) exchange MT. Gox today, April 26, according to Mt. Gox cold wallet tracking data on Crypto Ground.
The wallets are under the control of Mt. Gox’s bankruptcy trustee, Nobuaki Kobayashi. As displayed on the cold wallet monitor, the exchange has moved 16,000 BTC, worth $144 mln, and 16,000 BCH, worth around $21.7 mln by press time. The sums were moved out in multiple batches of 2,000 BTC and BCH to various addresses. The BTC amounts were then consolidated in two transactions to a single BTC address, and the BCH in four transactions to a single BCH address.
Some reports claimed that the previously reported $400 mln Mt. Gox sell-off from December through February led to BTC prices dropping as low as $6,000 in February.
BTCUSD came back above the 9000.0 level supported by high volume and momentum. The fact that after the breakthrough the price almost immediately climbed above the 9250.0 level also talks in favor of bullish sentiment of the market. Breakthrough of the 9500.0 – 9700.0 zone is required to continue the growth cycle, till then we expect movement in the 9000.0 – 9500.0 channel. Fall below the 8800.0 level will change the outlook to a deeper correction.
Today forecast
Trading in 9000.0 – 9500.0 zone.
Latest news
Mt. Gox Moves Around $165 Mln In BTC And BCH From Its Wallets. 16,000 Bitcoin (BTC) and 16,000 Bitcoin Cash (BCH) have been moved out of cold wallets associated with the infamous, now defunct Japanese Bitcoin (BTC) exchange MT. Gox today, April 26, according to Mt. Gox cold wallet tracking data on Crypto Ground.
The wallets are under the control of Mt. Gox’s bankruptcy trustee, Nobuaki Kobayashi. As displayed on the cold wallet monitor, the exchange has moved 16,000 BTC, worth $144 mln, and 16,000 BCH, worth around $21.7 mln by press time. The sums were moved out in multiple batches of 2,000 BTC and BCH to various addresses. The BTC amounts were then consolidated in two transactions to a single BTC address, and the BCH in four transactions to a single BCH address.
Some reports claimed that the previously reported $400 mln Mt. Gox sell-off from December through February led to BTC prices dropping as low as $6,000 in February.
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