Topic: Bitcoin price prediction, many bad news in several days (Read 111 times)
Yeah, this is really a concerning issue when you see that the price is going down and down. it's true that some countries are trying to dominate over the blockchain system and that news is considering as a bad news. not only that but also IMF and IBRD also trying to concentrate on this platform a lot, in this way, a lot of people are getting afraid and trying to sell their stock at a low price. that's why the price is not increasing in this days.
Bitcoin is really falling these days. This maybe because of the market correction that is still going on. All other cryptocurrencies are dumping as well and people are worrying about it. It is best not to speead FUD so that people will be calm and will prevent doing stupid things.
Bitcoin has failed to cross above the $12,200 on three occasions in the past month and a half. Therefore, this level assumes significance. The cryptocurrency will gain momentum only after it breaks out and sustains above $12,200.
In the last two days, the BTC/USD pair has broken down of the ascending channel and the two moving averages. Its next major support lies at $9,500. Now, this level breaks, a fall towards the $8,404 levels is possible, which is the 61.8 percent Fibonacci retracement levels of the pullback from $6,075.04 to $12,172.43 levels.
Many bad news in several days so keep your wallet be careful
In the last two days, the BTC/USD pair has broken down of the ascending channel and the two moving averages. Its next major support lies at $9,500. Now, this level breaks, a fall towards the $8,404 levels is possible, which is the 61.8 percent Fibonacci retracement levels of the pullback from $6,075.04 to $12,172.43 levels.
Many bad news in several days so keep your wallet be careful
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