Bitcoin down from $9700 to $8800....

in #bitcoin6 years ago

Bitcoin dropped down from $9700 (2:00) o $8800 at this moment (17:00).

Why Bitcoin went down can be read here, you do not believe it:
https://steemit.com/bitcoin/@goldmine2018/the-exchanges-are-coloring-red-but-why-and-what-happend

If we apply a linear interpolation we will still reach $9600 at April 29th/30th
See previous graph: https://steemit.com/bitcoin/@goldmine2018/bitcoin-vs-gold

Are we in trouble?
Ask has dropped to 93 million and also and the flat line for ask is not promising much good.

If we compare this with April 22, the market cap is equal, but the volumes are much higher.
The Coin Buying Index (CBI) is still good.

Let's hope this is the standard deviation (above and below the linear line)

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By the way we have seen this before, we reached the dip right

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