Tuesday, September 17, 2019
The strong increase of volume this Monday did not affect the current path of Bitcoin.
Current support/resistance: $10'000/$10'400
The bitcoin price is trading in a bearish zone below the $10'400 level. We noticed particularly high volume on Monday as well as increased volatility. As the price continues to be on a bearish trend, the google trends have been going down as well. Mass interest seems to be there only when Bitcoin undergoes massive surges.
In terms of technical indicators, the MACD lines are on the verge to intersect and we just crossed the 20 days moving average, giving more bearish signals.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
Disclaimer: This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice. Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2019 SwissBorg, All rights reserved.