The dip is not over, and this is a downtrend. Bitcoin dominance is over 40%, but RSI is oversold on all timeframes

in #bitcoin • 6 years ago (edited)

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The dip is not over, and this is a downtrend. Bitcoin dominance is over 40%, but RSI is oversold on all timeframes. Bitcoin latest support in the 6000$ level is at 6120$, once broken 5900$ and 5850$ will be targets. The good news is, BTC is making solid bottoms as it corrected over 50% & 60% since last January. The bad news is, if Tether investigations by the governments turns out bad, expect more blood. But here’s another scenario on @bearwhalers page (Read more there).
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⁠The US Congress has proposed a bill which, if passed and signed in law, would launch a study of crypto usage in the area of sex and drugs trafficking, ⁠President of the German financial regulatory agency BaFin said that crypto regulation will focus on systemic risks, not individual investors. ⁠Japan’s police are reportedly investigating a case of illegal crypto mining with Coinhive, defendants argue it was a method of traffic monetization, ⁠The Financial Action Task Force will reportedly develop new binding rules for crypto exchanges.

#esteem #cryptocurrency #blockchain #steem
6 years ago in #bitcoin by
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