|
September 27, 2017, 10:32:21 AM |
|
Bitcoin prices continued to trade within a tight consolidation range, something that we have been seeing in the bitcoin market over the last couple of weeks or so. After the double blow from China where the regulators banned ICOs and also decided to shut down bitcoin exchanges, we saw some huge volatility in the bitcoin market and this led to a crash of the bitcoin prices from above $4800 to below $4000. But after a wave of huge selling, we have been seeing the prices consolidating in a very tight manner over the past few weeks as the traders do not want to commit themselves in either direction.
|