Expected trading for today is between 10000.00 support
and 12400.00 resistance
Bitcoin price broke yesterday the 12400.00 level
and it is still under aggressive selling.
If the price hold under 10700.00 level
/ the start of the crash zone / It could get ugly!
As further big losses could be on the cards.
So What Next!
Bitcoin price now is around 11100.00 level / the fear zone / after 24 hard hours of panic for most investors that begin to close thier long positions and begin to open short positions.
Most of investors start to liquidate their long positions over:
- South Korea potentially banning cryptocurrency trading.
- Reports on a renewed crackdown on the cryptocurrency in China.
- I believe the buyers will return around 10000.00 level and push the price again to the upside ( at least I hope ). Because if no buyers around this level, likely the price continue to go lower towards 8000.00 level.
Expected trading for today:
is between 10000.00 support and 12400.00 resistance.
Expected trend for today:
Bearish.
YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.
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