Bitcoin sees muted action, consolidates after drop under key, long-term trend line

A single bitcoin last traded at $ 8,847.25, down 2.5%, since Wednesday levels at 5 p.m. Eastern Time on Kraken. Despite the decline Wednesday, industry participants remain upbeat, with the price of bitcoin still 30% off its April low. “Overall things remain positive,” said Charles Hayter, co-founder of …
Google Alert – bitcoin

Bitcoin can't break above long-term trend line, looks set to resume slide

The rally to begin the week pushed the price of bitcoin toward $ 9,100 and near two key technical levels—the 50-day moving average at $ 9,401 and the 200-day moving average at $ 9,223. However, after failing here, bitcoin could be set to resume its selloff. Chart watchers use moving averages to help …
Google Alert – bitcoin