Crypto Markets News 

Bitcoin Moves Above the $8,100 Mark Again

“We believe the current bitcoin price action is technical in nature” writes Nick Marinoff for livebitcoinnews.com. He explains: Bitcoin has been in a consolidation pattern around $8,000 since late September when price broke key support at $9,500.At press time, bitcoin – the number one cryptocurrency by market cap – is back above the $8,000 mark following a nasty scare yesterday that saw it fall into the $7,000 range once again.Many analysts immediately took to social media and other platforms to explain the reasoning behind bitcoin’s sudden, if short-lived, demise.With volumes still quite low relative to this summer, shorts are incentivized to keep pushing prices lower until they hit resistance.
 
Source: livebitcoinnews.com



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