Bitcoin tests end of June low....Found dip buyers

The price of Bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer (P2P) networking, which is itself absent of any intermediaries.Instead of being a physical currency, Bitcoins represent pieces of digital code that can be sent and received across a kind of distributed ledger n Read this Term moved to the lowest level since June 30 today and in the process tested the low on that day at the $18595 level. The low price today reached $18540, just below that level. Risk focused buyers stuck a toe in the water agaisnt the level and have pushed the price back higher. The digital currency trades at $18928 currently The high for the day is at $18977.

The most recent high on the hourly chart above from September 5, saw the price move above the 100/200 hour MAs (blue and green lines). However, the "break" traders could not reach the topside channel trend line target , and quickly reversed. Buyers turned to sellers. The price started its run to the downside.