In this article of the latest bitcoin magazine news, you will get to know all the weekly updates regarding market. Billionaire Warren Buffet purchased just over a 5% stake in five Japanese trading houses for over $6 billion. This move was seen by Max Keiser of the Keiser report as a big thumbs down to the US dollar. Hence, Keiser expectsBitcoin, gold, and silver to outperform in the near term.

In order to attract the institutional investor, Fidelity has filed an application with the U.S. Securities and ExchangeCommission to create a Bitcoin fund. This is a huge positive because if the institutional investors decide to park even a small amount of funds in Bitcoin, it will boost prices.

OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE IS WHAT CRYPTO TO INVEST IN? WE EXPLORE WHY ATROMG8 IS A TOP CONTENDER FOR 2020, IS THE BEST CRYPTOCURRENCY TO INVEST IN 2020 ROWAN ENERGY?
& HOW TO EARN BITCOIN – FINALMENTE A NEW SOLUTION?

The bears attempted to sink Bitcoin below the immediate support of $11,100 on August 25 and 27 but failed as aggressive buying by the bulls resulted in a rebound that has pushed the price above the 20-day EMA. However, the momentum has not picked up, which shows that the demand dries up at higher levels.

The 20-day EMA has flattened out and the RSI is just above the midpoint, which suggests a balance between supply in demand. In such a case, the price action remains stuck in a range without any specific direction. Find out past bitcoin news magazine here.

Still, if the bulls can sustain the price above the 20-day EMA, a move to the overhead resistance of $12,134.29and then to $12,486.61 is likely. The bears will try to defend this resistance zone aggressively. If the price turns down, then the range-bound action will continue.

However, if the bulls succeed in pushing the price above $12,486.61, the uptrend is likely to resume with the first target at $13,000 and then $14,000.

As the BTC/USD pair is stuck in a small range of $11,100 to $12,134.29, short term
traders can buy near the support and sell near the resistance.
Another opportunity could open up after the bulls propel the price above
$12,500. Until then, we suggest traders remain on the sidelines.
Lastly please check out the advancement’s happening in the cryptocurrency world.

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Enjoy the issue!

MAJOR CRYPTOCURRENCY NEWS MAGAZINE HIGHLIGHTS