Cryptocurrency Flash news – 18/07/2018
Cryptocurrencies have made a turn around since the weekend and we have seen Bitcoin gain over 3% back to levels last seen in June 2018.
We have seen some positive news flowing through on cryptocurrencies from the coveted CFA Institute adding cryptocurrencies and Blockchain to their curriculum for next year to Black Rock which is the largest asset manager in the world also considering the possibility of cryptocurrencies and Blockchain technology.
Looking at the chart:
The price action of Bitcoin has broken through the resistance level of $ 6879 and is pushing higher. A possible target price might be $ 7749. The price is also above the 50-day simple moving average (SMA) which is supporting the move higher.
Source: MetaTradr5 GT247.COM
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