Bitcoin price charts appear to be forming a double bottoms pattern.
On Monday, September 17, 1860, Bitcoin saw a 4% drop after hitting a resistance of $ 6464 during the weekend. Breakout broke down and plunged to the bottom of $ 6200.
Chart D1 Bitcoin price (BTCUSD) on 19/09/2018
$ 6200 is considered the second bottom in the double bottoms pattern that is forming on the Bitcoin price chart. Bitcoin is gaining momentum in the last 24 hours, if the price could cross the neckline at $ 6600, a strong bull run will likely occur.
Chart Bitcoin H4 price (BTCUSD) on 19/09/2018
At the time of writing, Bitcoin was trading at $ 6345, just 30% of its value, compared to the $ 20000 peak set in December last year. Bitcoin has seen a sharp increase in the hash function, also known as hash rate, Data on Sept. 17 show that Bitcoin's hashrate rate reached 47.5 million terabits per second, which is four times higher than the figure recorded at the end of 2017. It can be seen that the number of diggers Bitcoin has been growing steadily for the past year and interest in Bitcoin has not fallen.
Definitely still people trust on the bitcoin that is why the dominance of the bitcoin regained over 50% after 2017 but still the big players won't let the prices to grow in the right manner they keep doing bump and dumps but for the last 24 hours there is some what price grown upto 8% which may bring another bottom level comes in to the peoples mind. On Monday, September 17, 1860, Bitcoin saw a 4% drop after hitting a resistance of $ 6464 during the weekend. Breakout broke down and plunged to the bottom of $ 6200.
Chart D1 Bitcoin price (BTCUSD) on 19/09/2018
$ 6200 is considered the second bottom in the double bottoms pattern that is forming on the Bitcoin price chart. Bitcoin is gaining momentum in the last 24 hours, if the price could cross the neckline at $ 6600, a strong bull run will likely occur.
Chart Bitcoin H4 price (BTCUSD) on 19/09/2018
At the time of writing, Bitcoin was trading at $ 6345, just 30% of its value, compared to the $ 20000 peak set in December last year. Bitcoin has seen a sharp increase in the hash function, also known as hash rate, Data on Sept. 17 show that Bitcoin's hashrate rate reached 47.5 million terabits per second, which is four times higher than the figure recorded at the end of 2017. It can be seen that the number of diggers Bitcoin has been growing steadily for the past year and interest in Bitcoin has not fallen.
