Bitcoin Price Stays Over $10K as Trader Warns Ethereum Chart Is ‘Ugly’
William Suberg's original article for cointelegraph.com reduced by 47%
Bitcoin price was consolidating $10,000 support on Aug. 23 after successfully shunning four figures during the day's trading. Bitcoin delivers firm bounce off $10K.
Data from Coin360 show a newly strengthened Bitcoin managing to stay above the $10,000 marker, which it had crossed four times over the course of the week. Sentiment had waned earlier after Bitcoin appeared to be heading broadly lower. "In the short term, I'm a little bit cautious," CNBC's active Bitcoin bug Brian Kelly told the network on Friday.
"When people start saying 'Is Bitcoin dead again?' - that's when I get real bullish," he added. A Bitcoin breakdown was also still on cards for regular commentator Josh Rager, but for the short term, it was top altcoin Ether which presented more worries. Other altcoins in the top twenty meanwhile delivered even stronger performances, such as Bitcoin Cash on 5.35% and EOS on 6.8% daily gains.
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CN [too long; didn’t read]
Summarised crypto news.