5 February: Red monday bitcoin under 8 000$

in #bitcoin6 years ago


Hello steemians Bitcoin is continuing to crashing down it . Usually monday are red after the high of the activity around the weekdays.

lets look at bitcoin price right now:


So what are the risons for this to happen ?

first i belive this is natural bitcoin now will test some of the support levels and will see how low it will dip

after every big pump up the price has to be revaluated

also there is a campaign in the media and new negative campaign against cryptocurrency.

Bitcoin has big scasaling isus it cant take the next wave of usres and it becoming increasingly more expensive to transact whit it.

Facebook stopped cryptocurrency ads and ico any kind of cryptocurrency advertimant

all those contribute to the effect we have right now.

Bitcoin dominace is 35.7 %

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Yes, you are right! Have a look at the RSI! DOWNTREND

Rsi.png

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