BTC Expected to keep on falling - Time to sell/short
BTC/USD trading at the level of 2531.24. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend over Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the 2580 level, from which it is expected to try to drop and develop a bearish trend over Bitcoin in order to reduce near the level of 2240.00.
Earlier, we received a weak signal for buying of Bitcoin cryptocurrency, due to the crossing of signal lines at 2446.00 level, but to try to buy Bitcoin only with the breakdown of area 2590. Cancellation of the variant of falling of cryptocurrency will become a breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations above 2585, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes BTC/USD is with the breakdown of the local minimum area at 2355.
Source forex24.pro
I think it will be a bumpy ride for BTC until August...that potential fork issue has a lot of uncertainty to it.
This post received a 1.4% upvote from @randowhale thanks to @jonipilo! For more information, click here!
Well, it will com back soon.
why should it? there are 200+ altcoins with better solutions than btc :)
better for what purpuse? there are only 3-4 other cryptos that probalby have future. all others are useful only to speculate.
Better as their applications are solid and now slowly backed by eg banks
you have technology backed by banks - its called fiat currency rotfl.
Because of it's cryoto gateway characteristic.
should have listened to you!!!!