04.06.2020 BTC Daily Analysis

04.06.2020 BTC Daily Analysis

Yesterday, we saw a sharp U-turn in bitcoin price from well above $10,000 against the US Dollar. BTC broke many key supports near $9,800 and the 100 hourly simple moving average. It even spiked below the $9,500 support and tested the $9,300 support area. A low is formed near $9,299 and the price is currently correcting higher. It is now trading above the $9,500 pivot level. Cryptocurrency advocate Jonathan Herzog is running for election to the U.S. House of Representatives in the primary against fellow Democrat Jerry Nadler, who has represented New York's 10th Congressional District since 2013. A former staffer of ex-presidential candidate Andrew Yang, Herzog first announced his intention to run for office in 2019, but has recently become much more vocal about cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).