Bitcoin price continued its daily trading pattern on Nov. 13, hovering just under $8,800 after losing support at $9,000.
Bitcoin tracks sideways below $9K. Data from Coin360 showed another lackluster day for BTC/USD, with little progress over the past 12 or 24 hours.
The week had begun with Bitcoin losing its foothold higher up, exiting a trading corridor between $9,000 and $9,500 and so far failing to reclaim it.
As Cointelegraph reported, analysts had remained broadly bullish on longer-term market prospects.
As noted, that figure would be just $100 off the average price for Bitcoin this year, as predicted by the Stock-to-Flow model.
Van de Poppe had argued that such "Ranging" price behavior in itself did not constitute a bearish sign.
On altcoin markets some assets broke out of their sideways pattern to deliver noticeable moves.
Out of the top twenty cryptocurrencies by market cap, Neo and Binance Coin were the clear winners on the day, achieving gains of 13.1% and 6.55% respectively.
Ether, the largest altcoin, increased by just over 1% to $187.70.Ether seven-day price chart.
The overall cryptocurrency market cap stood at $241.3 billion at press time, with Bitcoin's share at 65.9%.Keep track of top crypto markets in real time here.
Bitcoin Price Stays Static at $8,800 as NEO, BNB Steal the Limelight
gepubliceerd op Nov 13, 2019
by Cointele | gepubliceerd op Coinage
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