Just what I have told in my previous post after breaking out of the downtrend line bitcoin is trading at $4,160 with increase of 6.5% on day to day basis. No doubt downtrend line will support any fall, but we can expect a New position as it crossed $ 4200.
It should be noted that on the beginning of October Japanese bitcoin and cryptocurrency exchanges will be fully surveilled and will be investigated by local authorities on the other hand earlier this month Chinese government enforced a nation wide ban. As usual a majority of traders in China have left to neighboring markets, as a result there is hardly any impact on total volume of cryptocurrency trading. As I know Japan remains the largest bitcoin exchange market with 44% of the market share.
Note-image source from coinranking.com
