"If they say, A Cat Has Nine Lives, I think Bitcoin lives more than that."
Do you believe that Bitcoin has the potential to create an economic revolution, by taking the power from the governments/banks and putting it back in the hands of the people?
In my opinion this is bigger than one nation and China is just panicking a little bit.
They will understand eventually that it’s better to be a part of the game of the new economy than outside of it.
This is why they are not banning the mining.
Soon they will let the exchanges reopen.
Expected trading for the rest of day is between 3700.00 support and 4236.00 resistance.
The decline of bitcoin price was stopped at 61.8% Fibonacci correction level (for the rise from 1800.00 to 4980.00) and formed solid support at 3033.00, and Bitcoin price after the bearish correction to 3000.00 level, back to the main bullish trend, moved upwards strongly and breaking 3776.00. After the bullish rally, bitcoin started to show some bearish correction after it faced solid resistance at 4075.00 and trying to test 3776.00 level that represents 38.2% Fibonacci correction (for the rise from 1800.00 to 4980.00).
- Bitcoin price keeps its stability above the EMA50.
- Stochastic provide positive motive to push the price to breach the key resistance 4075.00.
- Breaching 4075.00 confirm the continuation of bullish trend.
- Breaking 4236.00 and holding above it will push the price to 4980.00.
- The price must hold above 3776.00 to keep the bullish trend.
- Breaking 3776.00 level and holding below it will cancel the bulish trend.
Expected trading
for the rest of day is between 3700.00 support and 4236.00 resistance.
Expected trend for the rest of day: Bullish.
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