BITCOIN : Experts warn bitcoin about $ 4,000
According to Bloomberg, the benchmark for the 10 largest coders, the highest liquidity, fell to its lowest level this year, Many technical analysis studies were conducted. While bitcoin, the largest co-encoder, has not touched its bottom since June 29, its price path has left many experts warned to slide below the 50-day moving average.
Even though Bitcoin rebounded a bit yesterday, and picked up quite a bit of good news recently, it still can not get past the barriers that many follow. One of the good news that Bitcoins receive is that more and more Wall Street firms are interested in offering pre-codec services. Today, Bitcoin is $ 6,460, according to Coinmarketcap.
"You see today's price increase, but I predict the next support level will fall to $ 6.100. It is pretty early for you to bet that the bitcoin price increases. The price must be stable first, "said technical strategist Rob Sluymer at FundStrat Global Advisors in New York (USA).
Bloomberg Intelligence analyst Mike McGlone said bitcoins are on the downside, down to the average for 2017.
"Bitcoin is in a downturn, not long ago because of expectations that the United States will pave the way for bitcoin swaps. It may not drop sharply until it slips back to a good support level of nearly $ 4,000, the average for last year, "said McGlone. He said the bitcoin price adjustment this year was milder than in previous years.