Bitcoin and other digital currencies lost some its momentum on Wednesday as overall market sentiment cooled down, bringing bitcoin price down below $11,000.
After exchanging at rates over $11,700 on Tuesday night, the price of the popular digital asset fell by nearly $1,000 and is, at the moment, trading at $10,480.81 for a loss of 6.66%, according to Coindesk’s BPI.
After almost doubling in price since the $5,947.40 low that it reached back on February 6, traders have begun dumping some of their holdings, market experts related.
“This rebound took a lot of pressure off of BTC owners, but we will start running into overhead resistance,” Jani Ziedins of Cracked.Market was quoted as saying in a research note that was published on the website, MarketWatch.
He was talking about trading levels that market technicians see as points where selling tends to be prompted.
“Many premature dip-buyers jumped in between $12k and $15k and we should expect many of those regretful owners to sell when they can get their money back. Their selling will slow the assent over the near-term,” he explained.
Other digital assets did not have that good of a day either as the top cryptocurrencies are all trading in the red as of press time.
Ether slipped to a one-week low, falling 5.88% to $852.84. Bitcoin cash was down 9.39% at $1,314.87; Litecoin dropped by 9.71% at $215.99; and Ripple’s XRP coin was trading at $1.02, down 6.80%, according to market resource, CoinMarketCap.
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INDONESIA
Bitcoin kehilangan traksi, jatuh di bawah $11.000 untuk kinerja terburuk dalam minggu terakhir.
Bitcoin dan mata uang digital lainnya kehilangan beberapa momentum pada hari Rabu sebagai keseluruhan sentimen pasar yang didinginkan, menurunkan harga bitcoin di bawah $11.000.
Setelah bertukar di tingkat lebih dari $11,700 pada Selasa malam, harga aset digital populer turun hampir $1.000 dan adalah, pada saat, perdagangan di $10,480.81 untuk kerugian sebesar 6.66%, menurut Coindesk's BPI.
Setelah hampir dua kali lipat harga sejak $5,947.40 rendah bahwa itu mencapai kembali pada 6 Februari, pedagang mulai membuang sebagian dari kepemilikan mereka, ahli pasar terkait.
"Rebound ini mengambil banyak tekanan dari BTC pemilik, tetapi kami akan mulai berjalan ke overhead resistensi," seperti dalam sebuah catatan penelitian yang diterbitkan di website, MarketWatch dikutip Jani Ziedins dari Cracked.Market.
Ia berbicara tentang perdagangan tingkat yang teknisi pasar melihat sebagai titik-titik yang mana cenderung menjual diminta.
"Banyak prematur dip-pembeli melompat di antara $12 k dan $15 k dan kami mengharapkan banyak dari orang-orang pemilik menyesal untuk menjual ketika mereka bisa mendapatkan uang mereka kembali. Mereka menjual akan memperlambat persetujuan dalam jangka pendek,"jelasnya.
Aset-aset digital lainnya tidak memiliki bahwa baik hari baik sebagai cryptocurrencies atas semua perdagangan dalam merah pada waktu tekan.
Eter menyelinap ke satu minggu rendah, jatuh 5,88% menjadi $852.84. Bitcoin tunai adalah turun 9.39% pada $1,314.87; Litecoin turun 9.71% di $215.99; dan riak di XRP koin perdagangan di $1,02, turun 6,80%, menurut sumber pasar, CoinMarketCap.