{"id":55667,"date":"2019-08-23T17:17:35","date_gmt":"2019-08-23T15:17:35","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=55667"},"modified":"2019-08-23T17:36:09","modified_gmt":"2019-08-23T15:36:09","slug":"bitcoin-price-bounces-to-10400-off-strong-support-us-china-trade-war-heats-up","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-price-bounces-to-10400-off-strong-support-us-china-trade-war-heats-up\/","title":{"rendered":"Bitcoin Price Jumps to $10,400 Off Strong Support, US-China Trade War Heats Up"},"content":{"rendered":"\n
Bitcoin is doing what it does best lately \u2013 bouncing off $10,000, but it wasn’t just falling below that magical number which brought out the buyers \u2013 the US-China trade war is helping too.<\/p>\n\n\n\n
A sharp $300 improvement in the past 15 minutes has sent bitcoin to $10,405 at the time of writing.<\/p>\n\n\n\n
The rise coincides with the latest developments in the US-China trade at a time when recent bitcoin price action confirms strong support at $10,000. <\/p>\n\n\n\n
The volume profile’s so-called point of control (red line) that shows the highest level of buying interest for a range of price points, on the 4-hour chart is reading $10,125 \u2013 that provide near-term support for bitcoin. <\/p>\n\n\n\n