Tuesday, October 15, 2019
The price stabilized with low volumes. Despite a downward trend, a bullish movement could be observed in the coming days.
Current support/resistance: $8'000/$8'600
Volumes at the beginning of this week are at their lowest level in several weeks. With the current stabilization, it is likely that a significant movement may occur in the coming days. For now, the technical indicators are neutral and the market in general has stabilized. Facebook's crypto currency, Libra, has suffered two major losses in recent days: big companies have decided to leave the association such as Visa, Stripe and eBay and a G7 report warned that the cryptocurrency should not go forward unless it demonstrates its reliability and security. Meanwhile, the number of Bitcoin addresses, cryptocurrency totally decentralized and liberated, with at least $1'000 has never been so large.
The analysis is based on the latest close price (00:00 UTC time, daily basis)
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