we are living an era where crypto is our main Dream currency which will help us to various ways, it can help to tradings instruments, well creations, Payments , electricity bill , fees everything. It is said that Next generation Valuable currency is Crypto currencies and and crypto market will lead and rules over our economics. It is our bright future..
**And it's supporting technology block chain also going to be worlds smartest most secure platform around the globe
But in present scenario the situation is not good. Crypto market is not performing well.. It is goes under down trends phrase for long time. It is not showing strength Bear taking charges over bull using heavy selling pressure..
*** Lets find out the Reason behind it.... ***
Before dig into the Resons lets Have a looks on the chart today For BTC/USD
If we take a quick look into the BTC/USD chart we can have OHLC data as bellow....
OPEN - 6709.98
HIGH - 6729.71
CLOSE - 6689.01
THIS Data suggested that bitcoin unable to break this $7000 Level even $6900 not able to touch..
On 22.08-18 when bitmex was down due to maintenance then within 15 minutes bitcoin made a spike only.. and touched.... $6890.65 level only ....
Now we have only question in our Mind why bitcoins is unable to touch $10000 level?? why why why?? the only question is why why why???
*Lets start try to find out some News that impact negatively impacted on Bitcoin---
Reason NO - 1 -- BTC and ETH both are green but unable to stable reason for this SEC has promised that it will Be re verified once again those 7-9 ETFs approval rejected -
You can check heat map ...here ..
Source -- https://coin360.io
***but most of the cases expert are talking about it will take time upto FEB- 2019
if these happens bitcoin will be again take turn downside........ **This is the main reason that BTC would not able to touch $10000 level I think... Am I right or wrong audience please give your feedback....
Reason No-2 -
Another news coming from coin desk and some other sources that .. NY district judge making A Rules that CTFC- Commodities futures trading Commisons can Permanently Ban Crytpo trading firm*
The CFTC commission has Won this order... and can permanently ban NY based firm named - CabbageTech Corp
for their fraudulent activity...
for more details lease go through. bellow link...
this is scary situation some crypto firm charged against money laundering and cheating this type alleagation seriouly Delay the ETFs approval and investor around the globe making panik selling result in front of us...
Bitcoin crashing down again and again...
Reason no-3 - Chinese Ministry and security agencies and some other Have RBC , PBC etc have warned against new crtypto fund raising will be stopped and if this type happens will be charged as plenty . Mobile payment process Alipay and all banking trasaction to the new overseas new crypto firm Airdrop money raising banned
For more info you can visit here
So all of these things are specially against of crypto market as of now...
If this type panicky situation continues then it is very Hard to Small trader to put money into Crytpo currency specially huge volatile Crypto Gaint.. Bitcoin
If there anythings Missed please let me know.. in comments box.... It would be very healthy environment to discuss there.. and lots of fun be added....
Hope this article will give you some inner sight view of why crypto giant Bitcoin not reaching $10000 level ???
Here are few works that might good to read... Please head on if you want to read...
Thanks for Reading ...