Bitcoin Continues its Downtrend

in bitcoin •  7 years ago 

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From almost 20k USD it's now down to 9,264.97 USD in just a few weeks. On the news we have seen wave upon wave of countries banning Bitcoin and then Facebook comes out with a disclosure banning all Bitcoin and cryptocurrency related ads

Now the question is, from a technical perspective where is it headed? Nothing much has changed, the cryptocurrency is still in a downtrend with a support at around 8,000 USD and a stronger one at 5,000 USD. Should the downtrend progress, i think it could test those levels.

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7 years ago by

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      ·  7 years ago 

    Time to buy and Hold

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        ·  7 years ago 

      upvoted & following you purpleheart . . .

      some see it as an opportunity to buy bitcoin at a lower price

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          ·  7 years ago 

        Well the downward may be owing economic crisis

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            ·  7 years ago 

          upvoted & following you . . .

          • various regulators around the world are skeptical about bitcoin's system thus greatly affecting buyers & sellers . . .

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