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Bitcoin Reaches New All-Time-High, BTC/ETH Continues Low - NEWSBTC 10/29/2017

663 views · Published 29 October 2017 · 1:52 · Indexed 30 October 2026

Channel: NEWSBTC · 2017 · People & Blogs

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It’s Monday, October 30th, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. Bitcoin started the week with yet another bang, surging to a new all-time-high level of $6,300 versus the USD. Meanwhile, the silver of cryptocurrencies otherwise known as Ethereum, finally broke its streak of consolidation on Monday, testing above the daily Ichimoku cloud and reaching 310 versus the USD. With the future cloud turning slightly bullish, we could expect Ethereum to reach the resistance level of 339 in medium-term. However, Bitcoin is still outperforming Ethereum, as the ETH/BTC pair continues to hang about the 0.050 support level. Meanwhile, the Chinese might be able to trade Bitcoin again soon. At the 19th National Congress of the Communist Party of China, some temporary regulations and policies are canceled. The shutdown of Bitcoin trading in China might be one of the lucky regulations to get canceled, which could, in turn, help Bitcoin even further throughout the week.  Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.

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