About one hour after the launch of the company's futures markets by the CME Group, the market of Bitcoin dropped on December 17 evening. Although the beginning of the derivative session was optimistic with contracts exceeding $ 20,000, but Bitcoin's spot market in many stock exchanges fell to $ 17,925.
BTC Markets Slide Following the Introduction of CME Group’s Futures
The Bitcoin market reached record high on December 17, in which price of $ 20,000 arrived. During the Eastern Industrial Time, many indexes reached the global average of $ 1,200 per BCT. Then the price went down below 19 or rose within a few days from that area for a while. In the last 24 hours, it is perfect for inter-range players and day traders who play their card well. At 8:00 AM, the price of ADT bitcoin dropped from at least three to five to 17,925 dollars per chip.
Contrary to traders of the day, who benefit from a massive downturn, many observers such as Stockman contracts are watching Beatmax that when the price fell below $ 1000 in the flash, some margin posts were captured. The amount of bitcoin trade is quite high, in which around $ 13 billion of global stock markets are. Today's best business was at Beatfix, Bithm, GDX, BTCC and Bitracks.
Currently, Japanese Yen holds approximately 44% of world market share, and follows US Dollar and KRW. Interestingly, during the Mega Fast Dubut tether (USDT), the trading currency, which claims to support 1: 1 in the US, has come in the fourth place for the volume of the currencies.
Technical Indicators
Looking at the graph, Bitcoin's price put a good hit under the belt but there was a good return between 18,200-600 dollars. Order books show strong resistance in the region at $ 19,250, but it seems that bulls can easily erase this wipe easily if nothing else happens. In the back, if the bear scratches again with its weak hands, order books show the foundation of approximately $ 18,150.
The two main points of $ 18,150 and $ 17,200 will be to see if prices fall below the lowest zone, then prices can be lower than $ 17. The simple moving average of 100 (SMA) is still more than 200 SMA, which means that bulls can still move towards mugen and north. RSI and Stochtive have again shown the oldest conditions, and after the rapid increase in the market, it seems good because of improvement.
For now, the traders are making profits fast and are still optimistic that the new ones are still in high performing work. Others believe that bitcoin and all cryptocomunks are generally the reason for a very healthy value correction. Even so, the market value between $ 18,300 and $ 18,600 is currently trading at the same price, as it reached for the first time on December 16.