I am predicting bitcoin to land on a mark of $3000 or even lower during next week. Are you ready for such a lovely move?
Analysing many fundamental and technical news i came to this conclusion.
First, BTC-e will allow withdrawals from their new platform on 15th of September. This will lead for price decrease.
Second, after "successfull" news regarding ICO ban in China market became bearish. Later on, fake news about all Chinese exchanges closure led for bigger bearish reaction. Aswell we have seen some price flactuations because of Mr.Shtupid Dimon with his shtupid thoughts that Bitcoin is a fraud.
Third, the Chinese platform for over-the-counter trading in crypto-currencies - BitKan announced its intention to temporarily suspend operations with digital assets. This is written by CoinDesk.
As the newspaper reports, the decision is caused by the strengthening of control over the crypto-currency industry by the Chinese authorities. The BitKan blog indicates that trading on the platform will be suspended on September 14. Support service. At the same time, I / O facilities will remain available. --- Means price will go down aswell.
After all, i had a look into technical analysis where is clearly possible to see, that Bitcoin now is going through Elliot ABC wave and we are around to go through C level soon till the end of the next week. Lets see what going to happen.
Please vote and comment if this is helpfull or maybe there are any other thoughts? :) I am happy to discuss