This soldier (Bitcoin) broke up after a sale of 12%, suddenly under $ 4,000. After the establishment of third point contact on the vertical trend from the highest time of approximately 5000 USD, it is thrown away. It has been speculated that the Chinese government may suspend the operation of some Chinese bitcoin exchanges.
This dip is triggered by rumors. These Chinese government will temporarily suspend the operation of all Chinese cryptocurrency exchanges.
This bitcoin market is again testing the $ 4,000 USD support area after the decline of 12%. This price is currently moving between $ 3,900 and $ 4,000.
It seems that this dips began with rumors. This government of China will temporarily suspend the operation of all Chinese crypto-currency exchanges. It has recently been setting up third place of contact on trend line descending from the highest recent time of $ 5000 USD.
It comes after the unstable fortnight of consolidation between the $ 4000 to $ 4500 USD areas. The consolidation will yield many important sharp indicators; it is contributing to closing tomorrow's sales. This is remarkably a bounce of $ 4,000 USD to $ 4600, which immediately follows retracement according to the signals of the derivation of the derivation of US $ 5000.
It is looking at markets from a long-term perspective. It can see that the recent drop in price includes a retracement of 1.618 Fibonacci extensions to 1.0 Fibonacci extension. When it measures from the $ 1000 breakout area to the upper end of the previous $ 3000, it is back down to the lowest level of $ 1820, given the stochastic RSI on the weekly chart; it can also see the symptoms of a deviation.
"Charlie Lee posted on the radio station that a reliable unknown source has confirmed the rumor"
Most of its recent sales have been affected by the uncertainty related to the Chinese Bitcoin exchange. It is rumors that the central government can postpone the operation of all the crypto-currency exchanges in China. This Charlie Lee has posted on Reddit that it is a trusted anonymous source.
They have confirmed this rumor; it currently appears as the Chinese Bitcoin Exchange. This will probably stop the operation for a brief period of time, while the government clarifies its regulatory position.
This is the bitcoin cash from inverse interaction with Bitcoin in recent weeks. During yesterday's fall in BTC prices, they put about 12% of their dollar value. This BCH is currently testing the support area of $ 500 USD.