Daily Bitcoin Forecast - Monday July 17th (#25)

in cryptocurrency •  7 years ago 

Hola Steemios!

The clock is ticking down ever quicker to the August 1st deadline and Bitcoin is suffering and is currently sat below $2000. Now definitely is not the time to trade with such unknowns!

The inevitable is such a shill at current bar that one would be poised to position in the a market to offset the most likely worst result. As such I will be converting all my Bitcoin held at exchanges into a pool of other currencies before the 1st as I believe that bad news will be much worse than good news will be positive!

That being said today I am BEARISH on Bitcoin expecting a continued move down, once the momentum had started it is difficulty to stop. I will however not be trading Bitcoin today and will stick to trading Ethereum pairs until we have a firm answer!

Safe trading


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So is bitcoin dying? If so then it has a lot in common with programs like Soundcloud.