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Saturday, October 7, 2017

Crypto News: Two Hurdles? Bitcoin Faces Resistance Ahead of $4,500

Two Hurdles? Bitcoin Faces Resistance Ahead of $4,500

Bitcoin bulls may soon be breathing a sigh of relief.

Having defended the 50-day moving average support, the price of bitcoin rose to a four-day high of $4,407 today. Week-over-week, the bitcoin-U.S. dollar (BTC/USD) exchange rate is now up 5.84 percent.

Brushing aside uncertainty surrounding a possible upcoming fork, bitcoin is looking northward ahead of the weekend and, should it cut through key technical hurdles ahead, it could be poised to push higher.

Full story at

Source: CoinDesk

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