Hey everyone its @chahir99 , in this post im gonna give explain what's happening with Bitcoin , so without further ado let's jump right in :
It's been a week of fairly negative news around the world of crypto currencies , we had a story last week of an exchange getting hacked in Japan , and something like allegedly 500 million dollars worth of crypto currencies got stolen , then we had an armed robbery at end of last week in the UK ,where someone was forced to transfer their digital currency to somebody else , yesterday we've had news that facebook is looking to clamp down on adverts for financial products .
So a week of pretty negative news but it doesn't seem that it weighed on the price too much :
So if you look at the chart nothing much has happened over the last week we've still got that correction , it is still in place we still got that floor from around about 8800 through to the 9000 area we saw it sell off into that couple of weeks ago but the question now for the next couple of days are BTC gonna hold on to this sort of 9000 zone , and i think if we start to slip below then panic selling will starts .
So despite all of the doom and gloom news the price has held up well.
I hope this was helpful and you guys learned something and if you like it please up vote me and let me know what you think about it in the comment section.
Thanks for reading!
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