Gold, Stocks and Bitcoin: Weekly Snapshot August 19

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BeInCrypto

This week, the price movements of Bitcoin (BTC), gold and our selections of Nvidia and Robinhood stocks.

BTC

After gaining momentum following the turnaround at the end of July, Bitcoin (BTC) seems to have stagnated a bit this week. Bitcoin traded around $ 30,000 on July 21, but spent the next two weeks on an upward trajectory reaching $ 47,000 at the end of last week. On July 12, BTC corrected to $ 44,500, but hit a recent high of $ 48,500 at the end of the following day. Falling to $ 46,500 on August 15, BTC against resistance tested at $ 48,500 on August 16. BTC continued to gradually decline to $ 45,000 where it is currently trading.

Bitcoin has maintained this level above $ 44,000 even after the Japans Liquid exchange claimed that a hacker had run away with millions of dollars. We still have support at $ 44,000 and $ 42,000, which is the limit for short-term momentum, said Zerocap digital asset firm CIO Jon de Wet. A daily break below $ 42,000 would give bears some confidence, but overall we think [the] the price will hold above that level over the coming week, De Wet said.

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