Bitcoin resistance is at the 10400$ level, support is at 9.5K. The market is either not bullish not bearish yet, it’s on stand by mode

in bitcoin •  7 years ago 

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Bitcoin resistance is at the 10400$ level, support is at 9.5K. The market is either not bullish not bearish yet, it’s on stand by mode. Volume is needed for a large scale move, Hodl and trade safely.

Rumors that Iran and Turqy may be releasing their own crypto backed coins. Following Venezuela steps, the petro coin (Not advised to invest in). Bank of America in its 2017 SEC report: Our inability to adapt could see a failure to compete with crypto, whatever bank lol 😝

Reports that 46% of last year ICO’s failed already, Ethereum Classic Maybe having a hard fork next week. Rumors that Mexico will be regulating crypto next week, an up down scenario is expected for March 2018, what’s your view on the market future?

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Hopefully, this sideways movement won't last much longer and we will begin to see some bullish behaviour. Thanks for the analysis!

thank you @three14159

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