{"id":392315,"date":"2019-08-06T10:00:06","date_gmt":"2019-08-06T10:00:06","guid":{"rendered":"https:\/\/ktsl888.com\/?p=392315"},"modified":"2019-08-06T08:55:26","modified_gmt":"2019-08-06T08:55:26","slug":"asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/","title":{"rendered":"Asian Trading Moving Crypto Markets Again as Bitcoin Hits 4 Week High"},"content":{"rendered":"<p>In a similar move to yesterdays, Bitcoin has started moving during the Asian trading session. The pump has taken prices to their highest level since mid-July as BTC tapped $12,300.<\/p>\n<h2>Bitcoin On Track For $13k<\/h2>\n<p>For the best part of the past 24 hours Bitcoin has floated around the $11,700 range with very little momentum coming from the US trading session. It is trading in the Asian session that has been driving prices for the past few days. In a pattern very similar to Monday morning\u2019s, Bitcoin started moving a few hours ago tapping a high of $12,300 according to the <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">charts<\/a>.<\/p>\n<figure id=\"attachment_392317\" aria-describedby=\"caption-attachment-392317\" style=\"width: 800px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/btcchart0608a.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-392317\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/btcchart0608a.jpg?resize=800%2C550\" alt=\"bitcoin\" width=\"800\" height=\"550\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/btcchart0608a.jpg?w=800 800w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/btcchart0608a.jpg?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/btcchart0608a.jpg?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2019\/08\/btcchart0608a.jpg?w=750 750w\" sizes=\"(max-width: 800px) 100vw, 800px\"><\/a><figcaption id=\"caption-attachment-392317\" class=\"wp-caption-text\">BTC price 24 hours &#8211; Coinmarketcap.com<\/figcaption><\/figure>\n<p>Daily volume has reached $23 billion and the BTC bulls are on track to push the asset to its next resistance level which lies just below the $13k mark. Analysts are in agreement that the trend is now bullish with over a week of green candles recorded on the daily chart.<\/p>\n<p>Crypto trader going by the twitter handle \u2018CryptoHamster\u2019 has noted that Bitcoin price has now broken out of the daily Bollinger Bands which is a strong technical signal.<\/p>\n<blockquote><p>\u201c#Bitcoin is above daily BB.<br \/>\nUsually, it is a sign of a continuation of a trend.<br \/>\nThere could be a small correction, but then \u2013 a new rise.<br \/>\nBullish.\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> is above daily BB.<br \/>Usually, it is a sign of a continuation of a trend. <br \/>There could be a small correction, but then \u2013\u00a0a new rise.<br \/>Bullish.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTCUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTCUSD<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTCUSDT?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTCUSDT<\/a> <a href=\"https:\/\/t.co\/2FNPbUkj7D\" rel=\"nofollow\">pic.twitter.com\/2FNPbUkj7D<\/a><\/p>\n<p>&mdash; CryptoHamster (@CryptoHamsterIO) <a href=\"https:\/\/twitter.com\/CryptoHamsterIO\/status\/43526656?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 6, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Trader and analyst Luke Martin has <a href=\"https:\/\/twitter.com\/VentureCoinist\/status\/12889345\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">echoed the sentiment<\/a> and has eyed the $12.9k level as the next resistance point.<\/p>\n<blockquote><p>\u201cI was wrong with the hedge\/taking profits at 11.8k. $BTC looks like it wants to continue blowing through resistances with barely any pullbacks.<br \/>\n4hr close at this level would only add confirmation.<br \/>\nNext major resistance I&#8217;m expecting price to move to is ~12.9k\u201d<\/p><\/blockquote>\n<p>Many concluded that <a href=\"https:\/\/ktsl888.com\/2019\/08\/06\/bitcoin-rally-may-be-bolstered-by-chinese-yuan-devaluation-claims-analysts\/\">Chinese buyers were driving the rally<\/a> yesterday following the devaluation of their own currency. The timing was certainly right as the move came during Asian trading after the central bank announced its daily reference rate for the Yuan\/USD.<\/p>\n<p>Some, such as Peter Schiff, <a href=\"https:\/\/ktsl888.com\/2019\/08\/05\/chinese-are-not-buying-bitcoin-peter-schiff\/\">refuted these claims<\/a> however stating that speculators were driving it on the premise that China would be loading up on Bitcoin. Either way, in both instances this week, BTC has rallied during the Asian trading session and remained flat during the US hours.<\/p>\n<h2>Elsewhere on Crypto Markets<\/h2>\n<p>As usual the altcoins are getting crushed as Bitcoin\u2019s dominance reaches 70 percent again. This is back to the market share it had in mid-December 2017 when BTC surged to its all-time high. The $10 billion inflow to total crypto market capitalization has taken it to $318 billion, but it is all Bitcoin.<\/p>\n<p>Ethereum has remained lethargic with a minor move to $235 and XRP is still flat on the day. Bitcoin Cash and Litecoin are jockeying for fourth spot with a percent or two added each. <a href=\"https:\/\/ktsl888.com\/2019\/08\/05\/litecoin-surges-14-in-post-halving-spike-next-one-in-2023\/\">LTC surged yesterday<\/a> as it halved but has fallen back below $100 today. The rest are not moving much with some, including LEO, Tezos and Chainlink, starting to fall back.<\/p>\n<pre>Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>In a similar move to yesterdays, Bitcoin has started moving during the Asian trading session. The pump has taken prices to their highest level since mid-July as BTC tapped $12,300. Bitcoin On Track For $13k For the best part of the past 24 hours Bitcoin has floated around the $11,700 range with very little momentum coming from the US trading session. It is trading in the Asian session that has been driving prices for the past few days. In a pattern very similar to Monday morning\u2019s, Bitcoin started moving a few hours ago tapping a high of $12,300 according to the charts. Daily volume has reached $23 billion and the BTC bulls are on track to push the asset to its next resistance level which lies just below the $13k mark. Analysts are in agreement that the trend is now bullish with over a week of green candles recorded on the daily chart. Crypto trader going by the twitter handle \u2018CryptoHamster\u2019 has noted that Bitcoin price has now broken out of the daily Bollinger Bands which is a strong technical signal. \u201c#Bitcoin is above daily BB. Usually, it is a sign of a continuation of a trend. There could be a small correction, but then \u2013 a new rise. Bullish.\u201d #Bitcoin is above daily BB.Usually, it is a sign of a continuation of a trend. There could be a small correction, but then \u2013\u00a0a new rise.Bullish.$BTC $BTCUSD #BTCUSDT pic.twitter.com\/2FNPbUkj7D &mdash; CryptoHamster (@CryptoHamsterIO) August 6, 2019 Trader and analyst Luke Martin has echoed the sentiment and has eyed the $12.9k level as the next resistance point. \u201cI was wrong with the hedge\/taking profits at 11.8k. $BTC looks like it wants to continue blowing through resistances with barely any pullbacks. 4hr close at this level would only add confirmation. Next major resistance I&#8217;m expecting price to move to is ~12.9k\u201d Many concluded that Chinese buyers were driving the rally yesterday following the devaluation of their own currency. The timing was certainly right as the move came during Asian trading after the central bank announced its daily reference rate for the Yuan\/USD. Some, such as Peter Schiff, refuted these claims however stating that speculators were driving it on the premise that China would be loading up on Bitcoin. Either way, in both instances this week, BTC has rallied during the Asian trading session and remained flat during the US hours. Elsewhere on Crypto Markets As usual the altcoins are getting crushed as Bitcoin\u2019s dominance reaches 70 percent again. This is back to the market share it had in mid-December 2017 when BTC surged to its all-time high. The $10 billion inflow to total crypto market capitalization has taken it to $318 billion, but it is all Bitcoin. Ethereum has remained lethargic with a minor move to $235 and XRP is still flat on the day. Bitcoin Cash and Litecoin are jockeying for fourth spot with a percent or two added each. LTC surged yesterday as it halved but has fallen back below $100 today. The rest are not moving much with some, including LEO, Tezos and Chainlink, starting to fall back. Image from Shutterstock<\/p>\n","protected":false},"author":386,"featured_media":350634,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[12285,428,1119,12061],"class_list":["post-392315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-asian-trading","tag-bitcoin","tag-btc","tag-crypto-markets"],"acf":[],"yoast_head":"\n<title>Asian Trading Moving Crypto Markets Again as Bitcoin Hits 4 Week High<\/title>\n<meta name=\"description\" content=\"In a similar move to yesterdays, Bitcoin has started moving during the Asian trading session. 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The pump has taken prices to their highest level since\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-06T10:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-06T08:55:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/09\/bullishtrader.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Martin Young\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Crypt0nuts\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Martin Young\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/\"},\"author\":{\"name\":\"Martin Young\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/7afb3a40e2803b100688938c074fd854\"},\"headline\":\"Asian Trading Moving Crypto Markets Again as Bitcoin Hits 4 Week High\",\"datePublished\":\"2019-08-06T10:00:06+00:00\",\"dateModified\":\"2019-08-06T08:55:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/\"},\"wordCount\":505,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/09\/bullishtrader.jpg?fit=1200%2C800\",\"keywords\":[\"Asian trading\",\"bitcoin\",\"btc\",\"crypto markets\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/\",\"url\":\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/\",\"name\":\"Asian Trading Moving Crypto Markets Again as Bitcoin Hits 4 Week High\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/asian-trading-moving-crypto-markets-again-as-bitcoin-hits-4-week-high\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2018\/09\/bullishtrader.jpg?fit=1200%2C800\",\"datePublished\":\"2019-08-06T10:00:06+00:00\",\"dateModified\":\"2019-08-06T08:55:26+00:00\",\"description\":\"In a similar move to yesterdays, Bitcoin has started moving during the Asian trading session. 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