Mid-day update for Bitcoin prices 13-09-2017
The price of forming the decline continues gradually towards our main target at 3776.64. Therefore, we continue to favor the bearishness for today, which is supported by the negative pressure formed by SMA 50, noting that the continuation of the suggested bearish wave depends on stability below 4236.52.
The trading range for today is among the support at 3776.00 and resistance at 4236.50
The general trend for today is bearish
ok , but what is the reason that the market is going down?
is it still China against the ICO effect?
The market is still in the bearish side. Due to JP Morjan Sate, and The CEO of Litcoin and others spreading FUD and Fear around this market that has been already down. Well i think, the main reason for this is that they need to buy Bitcoin so cheap. They spread the fear around this space and newbies feel uncertain about the situation so they sell their bitcoin.
This is the general overview of the market right now.
I guess you are right ...I have bought some more BTC yesterday as the price is really good now (3800$)
I think that next time BTC gets to its all time high - I will sell 1 bitcoin and will try to buy it when the market corrects down
It's common because of fud on market. Thanks
Right, We missed you @dim753 ,well i see the market still under pressure of this news and some other articles.
The FUD in crypto has not ended yet, we might see more down for Bitcoin in the short term.
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