Bitcoin {BTC} price readings – dominance grows as Redditor unveils first draft of the Bitcoin Bible

Bitcoin is the top-ranked asset in the market, with a dominance rate of 70.3% linked to it. The price climbed at a rate of 2.49% in the course of the past 24-hours. The trading volume recorded stands at $15.165 billion, while the supply has 17,932,687 BTC coins in play for now. As of this moment, the total market cap of Bitcoin is $186.478 billion. BTC is priced at $10,399.

A 17-year-old, who is a Bitcoin proponent and goes by the username OGKebabEater shared a few pictures of a book he has been working on. According to him, it is a draft which reads like a guidebook for all those who wish to know more about the king coin. He is also planning to give a presentation [in his class] regarding the advent of Bitcoin in the modern world.

Data from the candlestick chart associated with the BTC/USD pair on tradingview points to bullish momentum swaying the growth of the coin. The daily RSI is at 53.47 currently. The peaks for the Awesome Oscillator remain south of the zero line, although the last two bear the green shade pointing to a trend change.

Key resistance may impair the rise of the coin beyond $10,954.43, and support can be found close to the $9861 mark. The Ichimoku Cloud is still crimson, but the MACD line has stayed to the north of the signal line for the past 10 days. This shows that while sellers have been working diligently to drive the price down, buyers haven’t been beaten yet. The present target for the king coin would be $10,500.

BY ADITYA CHATTERJEE ON SEPTEMBER 13, 2019

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