Thursday, September 19, 2019
Last night, Bitcoin lost more than $500 in less than 10 minutes.
Current support/resistance: $9'600/$10'000
While the altcoin showed a significant bullish momentum yesterday with gains of more than 10% compared to Bitcoin, the price of Bitcoin fell violently last night below $10'000, the psychological level, thus slowing the positive momentum of the market. With this movement, it is likely that the market will again focus on Bitcoin before hoping for a real altcoin season that usually lasts only one to two months.This bearish movement is to be watched for Bitcoin, which seemed to have strengthened above 10k but with low volumes.
The indicators are bearish with the MACDs that have converged.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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