Bitcoin (BTC) Technical Analysis: Bitcoin Soaking Gravity before Hitting $15,000
Regardless of the overall bearish sentiment and the SEC weighing in heavily against Bitcoin, bulls seem to be stable and recovering. It’s up five percent and reducing their weekly losses to eight percent as buyers reject prices below $6,000-the upper limit of our support zone. Considering the past two trends, we still hold a bearish position and until we see thrusts above $6,800 and $7,000 to the upside, we recommend shorts on high more so once there is a convincing break below $5,800.From the NewsBitmain, the world’s largest ASIC manufacturer plans on holding an initial public offering, IPO in the coming months. As it prepares to secure funding, details are emerging that the ASIC marker leader and the company behind one of the largest Bitcoin and Bitcoin Cash mining pools holds more than one million Bitcoin Cash estimated at $650 million at current spot prices and $1 billion in acquisition
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