Bitcoin undergoes a minor correction

For the second time this week, the price of the first digital currency falls below the psychological mark of $ 4,000.

It is noteworthy that this is happening against the backdrop of the rapid growth of the Bitcoin Cash crypto currency formed as a result of the hard currency.

ON THIS TOPIC

Coinbase patented the concept of security bitcoin

If you pay attention to the daily Bitcoine bitcoin schedule, you can see how after the rapid growth (largely backed by optimism of investors due to the upcoming SegWit activation), the price of bitcoin rose significantly above $ 4000, and then dropped to $ 3832.5 (on Tuesday, 15 August)

Then, "digital gold" reached its historic maximum at $ 4492.3 and after that a correction was observed for several days, which is confirmed in particular by indicators of Bollinger bands and Stochastic RSI.

On the 4-hour chart, we see quite a strong downward movement towards the nearest support level in the region just above $ 3,800:

Over the past few days, bitcoin capitalization has decreased by about $ 7 billion and now its value is $ 66 billion (according to Coinmarketcap).