South Korea and the United States deploy the THAAD anti-missile system. Risk aversion drives the price of Bitcoin up to 10,000 per coin

After its outstanding performance in 2016, the price of Bitcoin, a new investment, once exceeded the international gold price per ounce. According to the Bitcoin market of Huobi, a safe and reliable Bitcoin trading platform, as of 15:00 Beijing time on April 28, the highest price of Huobi Bitcoin was RMB 8,015.

Recently, international events have continued. According to Yonhap News Agency on April 26, South Korea and the United States began to deploy the THAAD anti-missile system, and the US military began to move various equipment of the THAAD anti-missile system to the designated location in South Korea; the US Securities and Exchange Commission will review the listing of Bitcoin ETFs. Affected by these factors.

As of press time, the price of Bitcoin on large foreign Bitcoin exchanges such as Coinbase and Bitstamp has exceeded RMB 9,200. On Bitfinex, another major dollar exchange, the price of Bitcoin on its platform has opened up a large gap with other platforms due to factors such as fiat currency deposits and withdrawals. The highest price exceeded RMB 9,995, just one step away from the RMB 10,000 mark.

Today, the opening price of Bitcoin on Huobi is 7,803 yuan, the current highest price is 8,015 yuan, the lowest price is 7,678.10 yuan, and the current amplitude is 4.3%.

Huobi Bitcoin price rose by 4.8% yesterday, with the lowest price of 7,400 yuan and the highest price of 7,910 yuan. The trading volume was 10,305 and the amplitude reached 6.89%.

Looking at the daily chart of Huobi Bitcoin, Bitcoin has touched the purple 60-day moving average in the chart many times before and turned back, and the price has been suppressed. Yesterday, Huobi Bitcoin broke through and stabilized on the 60-day moving average and rose sharply. The moving average system diverged upward, and the 10-day moving average crossed the 60-day moving average. The technical indicator MACD had strong momentum, and there was no divergence structure, showing a typical bullish pattern. The upper pressure is 8005 and 8220, and the lower support is 7762 and 7462.

Bitcoin daily chart from Huobi.com

Looking at the 1-hour chart of Huobi Bitcoin, Huobi Bitcoin broke through yesterday's consolidation zone in the morning and rose again. The support for its rise is the yellow moving average MA30 in the figure. The moving average system still shows a bullish arrangement, but the technical indicator MACD shows signs of weakening. Although the market outlook is still bullish, the short-term rise is blocked. It is not recommended to chase highs at this time. The upper pressure is 8015 and 8220, and the lower support is 7830 and 7678.

Bitcoin 1-hour chart from Huobi.com