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01.06.2020 BTC Daily Analysis

After a successful close above the $9,300 level, Bitcoin price extended its rise above the $9,400 resistance against the US Dollar. BTC price even settled

Yazar: editor_1

Yayınlanma: 1 Haziran 2020 19:04

Güncellenme: 14 Kasım 2024 03:04

01.06.2020 BTC Daily Analysis

After a successful close above the $9,300 level, Bitcoin price extended its rise above the $9,400 resistance against the US Dollar. BTC price even settled above the $9,500 level and the 100 hourly simple moving averages. Japanese crypto firm FXCoin’s senior strategist thinks a depreciation of the Chinese yuan may lead more traders to Bitcoin in 2020. FXCoin’s Yasuo Matsuda spoke to Cointelegraph Japan, saying Bitcoin (BTC) would likely be more popular among Chinese nationals facing economic sanctions due to national security laws as part of the government’s response to the COVID-19 pandemic.
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