Bitcoin Falls Below $9000: $10,000–$10,313 Strong Resistance Zone

Written by:
Guest
Published on:
Feb/01/2018

The price of Bitcoin fell below $9,000 for the first time in months shortly before Noon EST.

CoinDesk.com observed:

On a 24-hour basis, bitcoin (BTC) is down 6.16 percent, according to data source CoinMarketCap. Further, the price action in the last 48 hours has established the former support zone of $10,000–$10,313 (50 percent Fibonacci retracement of 2017 low–high) as a strong resistance.

CoinDesk.com was anticipating the price to hit $8,900 in the next 24 hours with price action in the last 48 hours has established $10,000–$10,313 as a strong resistance zone.

The drop comes as the New York Times reports Bitfinex possibly having caused Bitcoin's price to have been propped up in recent months.

The news first reported Tuesday that Bitfinex was subpoenaed by the Commodity Futures Trading Commission, a United States regulatory agency led to a selloff on Wednesday.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Another $6 Billion of Value wiped Out of Bitcoin in a Day

Cryptocurrencies, which today accounts for upwards of 70% of all online gambling transactions in the North American market, lost approximately $6 billion of its value in a single day Thursday.

What is a PPH Sportsbook?

A PPH sportsbook is short for a pay per head sportsbook and that is a company that provides a platform and website for bookies so they can accept bets on daily sporting events

7 Reasons Why You Should Use Bookie Software to Run Your Sportsbook

Today it’s possible to run a world-class sportsbook even if you’re a one-man-show. You can actually rival most online sportsbooks by using bookie software to run every aspect of your operation.

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

New Pay Per Head Provider Comes Onto The Scene Just in Time for UFC 229

PayPerHead247.com has entered the profitable Pay Per Head space with plenty of betting action coming down the pike.

MMA White Label Sportsbook - Kentucky

Kentucky bookmakers and agents can utilize the premier MMA white label sportsbook software courtesy of PremierPerHead.com.

Syndicate