Why the price of Bitcoin can’t grow? A new explanation

Bitcoin lacks the impetus for growth due to the fall in volatility to an annual minimum. It seems that the Bitcoin correction is delayed, and in the near future we are unlikely to see a sharp rise course, due to the loss of investor interest. It is reported by Coindesk.

When will Bitcoin grow

According to Coinmarketcap, the total trading volume on all cryptomerias decreased to 2.92 billion. This is the lowest level since November 7, 2017. The fall in volatility due to negative sentiment of traders. Most likely, they will not be impressed with a small pullback 6080 dollars.

Retain the cryptocurrency a level of $ 6000? The question remains in force until Bitcoin is not probeit key the mark of 6800 dollars. There is now upper Bollinger band. Over the last week this indicator is greatly narrowed, which indicates the beginning of lateral price movement. At the moment Bitcoin is trading at $ 6610.

On the daily chart we can see an inverted head and shoulders. The figure indicates a possible short-term change of trend. She turned out to be true, Bitcoin will need to break the level of the neck, which is fixed on 6840 dollars. There is also the upper Bollinger band, so this is a pretty strong resistance level.

The situation on 4-hour chart looks even more optimistic. The RSI indicates the predominance of the bulls. Soon the price could overcome the 20-day moving. On the other hand, the sharp fall below the level 6240 dollars can open the way to a new annual low.

The result — wait for the rapid growth in the near future just not worth it. Bitcoin volatility and lack of interest from traders for a new price rally. The key level of $ 6840 at the moment is nearest strong resistance.

SUBSCRIBE TO OUR CHANNEL IN THE TELEGRAM THAT BITCOIN BEGAN TO GROW. AND NOT THIS HERE.

The message Why the price of Bitcoin can’t grow? A new explanation appeared first on Bitcoin Two.

0 Comments on “Why the price of Bitcoin can’t grow? A new explanation”

  1. I am the lead developer for the Email Extractor and Online Search Engine Scraper by Creative Bear Tech – creativebeartech Essentially, this internet search engine scraper can scrape most of the search engines, featuring Google, Bing, AOL, Yandex as well as social media channels such as Facebook, Instagram, Twitter, LinkedIn, Yellow Pages, Google Maps and so much more I imagine it will be a lot easier if you go through the full tutorial at blockchainlifemag 2019 05 21 guide-email-extractor-and-search-engine-scraper-by-creative-bear-tech The software program is not official yet, but whenever it is, it will be accessible on creativebeartech We are currently beta testing the software application and searching for beta tester and software reviewers You will be given the full licence key for the computer software and can even scrape B2B contact information for your own niche If interested, please give me a shout on Facebook facebook Creative-Bear-Tech-2284249764963533 or just respond to this thread

  2. Hi everybody! I was wondering whether anybody wishes to team up with me as a cannabis and CBD goods reviewer? I have already received a ton of cbd products from reputable companies for example, Well Cartel I also have a great deal of CBD and hemp products to send to CBD and hemp reviewers, consisting of CBD Terpenes, CBD Gels and CBD For Pets I also do vape reviews and am searching for a vape reviewer also to review the following eliquid brands (will be sent to you): Borealis Vapor E-Juice, Lunar Rover E-Liquids and Mistress E-Liquid Thanks guys and have a fab day! You can contact me at allcbdstores

  3. Hi! I would like to invite you to join Sweaty Quid, a quality marketplace for freelancers where you can hire freelancers for all your business needs as well as list and sell your own services for free Register today at sweatyquid and let me know if you have any questions Welcome to the mothership

Leave a Reply

Your email address will not be published. Required fields are marked *