The price of Betcairn drops below $ 7,000 again: Will the digital currency winter last for an additional 4 weeks?

in #bitcoin7 years ago

John McAfee led the calming campaigns as the price of the Betcairn continued to decline, while analysts expect the recession to last for at least another four weeks.
4 weeks of decline, what then?
As media debates continued, McAfee told his followers on Sunday that they had to "get an idea of ​​the market" after Friday's $ 1,500 gain in Pitcairn. "If you are investing in short-term investments, you have to be realistic," he said.
McAfee draws his optimistic temperament from the innocuous enthusiasm of the Betquin trading community, which is still valid despite 50% price cuts in two weeks. Alternative currencies also followed in the footsteps of the Pitcairn during this period, even the ETH currency fell to its lowest level in several months. While veteran analyst Tony Faiz in his latest analysis warned of at least four more weeks of decline, describing the market recovery on Friday, where prices were above $ 9,000, "not strong enough."
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"All indications are that the decline is continuing even further," he said on Monday. "Weekly charts also signal price declines, with five out of nine analysts predicting the situation will continue for another four weeks."

Movements "Parabola"
The downturn, followed by a firmer correction, is the focus of a rising online analyst known as Parabolic Trav, who describes themselves as "the moral guide to a $ 100,000 and more collection trip." Trav analysts also said new expectations on Monday, after a preview of the selling barriers and the speed of reversal of prices as key indicators in determining the strength of the recovery of the Petquin and the possibility of rising prices:

"Our goal is to fill these barriers of sale with huge amounts of liquidity flows. As these barriers exist to accommodate liquidity flows. We look forward to surrendering to the bottom and then pulling them out with the same strength outside the market. And the amount of the force of the rescue will reflect the strength of the Pitcuin "

Pitcairn is still in a new slump, with $ 6,500 on the Bitstamp trading platform, which was down about $ 500 within three hours. However, the chart (released by the Bitstamp trading platform) shows the possibility of a reversal after the "Doji Star" and "Morning star" form, which point to the end of the 15-minute chart drop. There is an urgent need for greater clarity. As the next few days should give us a better signal of direction

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