17 July 2019, 18:12 Bitcoin rebounds from $9,000
Bitcoin rebounds from $9,000 support as market gains traction.
Bitcoin is in for a rollercoaster rise as Facebook’s Libra gets ready to fight for its space in the economy.
BTC/USD trading pair appears to have found support above $9,000. A rebound from the support has pulled above $9,500 amid a building bullish momentum across the market. However, with the price still trading below the moving averages, the bearish pressure is still apparent. Bitcoin dived under $10,000 on Tuesday after failing to find support above $10,500. The market was shaken following the bad reception Facebook’s Libra got from the U.S Senate hearing yesterday. It is becoming a norm for remarks towards Libra affecting Bitcoin either positively or negatively. Therefore, Bitcoin is in for a rollercoaster rise as Facebook’s Libra gets ready to fight for its space in the economy.
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