BTC/ Market Update
#BTC as of Now Still Holding 6000 Support, as it has Closed its Previous 4Hr. Candle Above 6K Support Line, it will Be Nice To See from Here which Way BTC will Choose to Go
But The Problem is The Volume Here Which is Very Much Low, Now We won't Say That Volume Going Down Means The Price Will Go Down Always, But Keep in Mind in Last 24-48 Hrs. BTC Market Cap Has Been Decreased By 10-12 Billion Dollars, Which is Quite on The Higher Side...!!
and if This Support 5900-6000 BTC Makes it Possible to Hold then it will Go up No Doubt, But for a Successful Reversal we Need to Watch out for Huge Volume Spikes Too....!!
if BTC keeps on Dumping Like This Then 5500-5000 Must Be The Reversal Zone...!!
Else if it Dumps More Then Miners Won't Be Mining BITCOIN Anymore Bco'z They Will Be in Loss, So Below 5000 We Do Not Think BTC will Go Eitherways
This chart very useful for Bitcoin trader and crypto currency user .
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I think now bit coin may go up but you never know what is bit coin cooking.
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