Trading volume has died down significantly as most traders are taking it easy on the weekend. Many are awaiting the results of the upcoming Fed meeting which will be held on monday in regards to
Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.
As the UK government freaks out over encryption and digital currencies, and the media continues to spread rumors of a bitcoin ban traders on r/BitcoinMarkets seem bearish and expect the price to drop further. With companies such as Circle and BitPay turning their back onto bitcoin due to it’s negative image and low use cases and moving towards embracing the underlying technology, the future for the cryptocurrency seems uncertain. However, Circle doesn’t have a great reputation in the community and customers are turning to other options with the Circle limits increase last month, as a user describes on reddit:
Originally, my limit was around $2000/week I believe. So I deposited 8.4 bitcoins today to withdraw to my bank. Just to see that my limit has, without notification, been changed to $300/week.
read more :
http://themerkle.com/coins/bitcoin-technical-analysis-for-112215-sleuth-fest/
