Bitcoin will fall to 1900

Bitcoin is not the only crypto currency that has come under pressure. Losses are borne by both the light-tier, and the etherium, and many others. Not surprising. Indeed, more recently, digital currencies have literally skyrocketed and looked overbought. Correction in this situation is natural.

In the coming days, bitcoin will continue to fall. To this, technical factors are also pushing - the breakdown of support is 2300.00. The main fundamental catalyst for the fall is uncertainty about the issue of scaling. The probability that bitcoin can "split up" into two parts increases. Such an outcome will hit him very hard. The question should be resolved by August 1.

At the same time, in the long term, the krypto currency has good prospects. More and more countries talk about regulating this market, and, consequently, legalization. In particular, India will regulate crypto-currencies as digital assets. Plus, the large-scale development of blocking technology. But before the growth begins, we will observe an impressive fall.

At the current stage, any rise in quotations should be viewed as a good opportunity to enter short positions with a target at 1900.00.

  Thank you for your attention, this material is a translation.