Hello Crypto Fans,
As announced in my last Article, we have some Movements in the Market.
The Bitcoin is under Pressure!
The volume in the market is still very low. As a Result, the market can make rapid Price-Jumps.
The price depends on Supply and Demand and it happens that in an empty Orderbook the next Market buy / sell Price is based on only a few quantities.
For this reason, we will probably have to wait until the Money flows back into the Market.
We have achieved strong support Areas in several Markets. We'll quickly see if it's enough to slow the Market down and get the buyers back into it.
JAPAN has been selling Bitcoin and Bitcoin Cash valued at $ 400 million since September 2017 !!!
Following the bankruptcy of the Japanese stock exchange Mt.Gox (high losses due to Hacker Attacks), the insolvency Administrator, in consultation with the Court, sold "35,841 Bitcoin and 34,008 Bitcoin Cash".
On this Scale, one can speak of manipulation, since the dissolution of a company, rather does not need 400 million USD.
BTC-ECHO Article Mt.Gox (german)
But, that also means that the Market has a very good Chance of Recovery.
.
I wish you a lot of Fun
bitcoin.news
