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Title: [2018-11-27] Bitcoin Price Continues to Bleed as Market Fails to Find a Bottom Post by: Lmaooo on November 27, 2018, 01:43:24 AM The bitcoin price on Monday continued its crash course despite showing gains during the early Asian trading session. The digital currency attempted a go at its yearly low at ~$3,455 after reversing from its intraday peak at $4,115. That overall marked a circa 14 percent crash, setting standards for a further bearish action.
The BTC/USD index at press time is trading at 3581-fiat, eyeing potential support from 3508-fiat. The market has once again created a psychological bottom area inside a 3000-to-3500-fiat range. There is so far no evidence that could prove a potential [strong] reversal at any of these levels. The last time BTC/USD tested these levels as support was in September 2017. The technical dynamics were different then — the pair was trending above its 50-period, 100-period, and 200-period simple moving averages while forming higher highs. CCN | https://www.ccn.com/bitcoin-price-continues-to-bleed-as-market-fails-to-find-a-bottom/ Title: Re: [2018-11-27] Bitcoin Price Continues to Bleed as Market Fails to Find a Bottom Post by: snipie on November 27, 2018, 06:35:12 AM Everything is possible and Bitcoin traders are still making some profit with the price volatility while harming the price with more selling than buying.
The actual price volatility is not attracting for everyone willing to join the crypto club now. |