Bitcoin Show Signals of Further Weakness

in #bitcoin • 6 years ago (edited)

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The current weakness in Bitcoin is affecting the overall cryptocurrency market and back to the negative sentiment and lack of positive news catalyst . Below $6,000 Bitcoin have a key support level at $5,800 and a close below this on the week could see the market test the 2017 trendline, which would take it into the low $5,000s. With the ETF decision in Bitcoin pushed back to September, we are likely to have to wait until then and these next few weeks will be an attempt to find a bottom for the cryptocurrency market. Crisis in Turkey and Its Possible Effect on Cryptos In the broader financial market, a financial crisis in Turkey has been brewing this year with a fall in the Turkish Lira's value to a record low versus the US Dollar.

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#cryptocurrency #mgsc #news #steemit
6 years ago in #bitcoin by
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