Bitcoin continues to hit new record highs as Asian buyers increase, A sharp correction may make Bitcoin trading in a price range before starting a new attempt at $ 6,000.
Bitcoin has made strong progress near $ 6,000 with the volume of Asian trading increasing above $ 4 billion as of this writing. USD pairs saw higher volumes, followed by the Korean Won and the Japanese Yen. The price increase on Thursday was above the $ 5000 level for the first time, continuing the rally after an improvement from the September 15 low of $ 2,975. The recent rise has led to an overall digital valuation of more than $ 170 billion, down $ 7 billion from a record high. The next fork is currently a driving force behind the market, while recent news that the FSA has given official approval for the exchange of 11 encoded digital currencies is also helping to pay higher volumes and prices.
A look at the hourly chart shows that buyers did not get everything in their own way as traders in the short positions helped reduce the currency to more than $ 300 in one hour while taking profits. While the market looks like it may be supported in the short term, the bullish momentum remains intact, and the pair is likely to achieve new highs with the 20-day moving average (EMA) at $ 5,400 which may provide the first level of support.
Market Movements / Top 10cryptocurrency - October 15, 2017
