Sentences with phrase «bitcoin met resistance»

However, Bitcoin met resistance at that mark, and before long, the Bitcoin price began to retrace.

Not exact matches

After a tough winter, Bitcoin seems to be back on track, trading well above $ 9,000, yet meeting strong 200 - day moving average resistance around the $ 9,800 mark.

Talk of a «death cross» in Bitcoin on Thursday has sparked an investor sell - off down to the $ 7,500 line, where it met resistance.

Bitcoin price tested the critical resistance zone at $ 11,000 only to meet fresh selling interest there.

Since then they have tried to pass a Bitcoin ETF, which has so far met with resistance as a number of other such ETF applications having also been rejected in the US.

When it passes the resistance it is meeting at the $ 4,000 threshold, I expect it to then inch steadily upwards for the remainder of 2017 with the caveat that a major news event could send Bitcoin speeding along — up or down.

Furthermore, Bitcoin has issues regarding scalability (scalability refers to adding more users to the network), and all attempts to address these issues have been met with resistance and failure.

The letter was met with a lot of resistance by prominent figures who see a change to Bitcoin's PoW at this stage in the game as incredibly dangerous.

However, Bitcoin met strong resistance at $ 9,000, and despite briefly piercing its armor, it had proved unable to break through that sell wall.