BTC correction

in trading •  7 years ago 

Five days ago I posted the possible evolution about BTC/USD.

The first two price targets were reached but the last two days has suffered a fall.

Apart from the volatility of the market itself, this correction is promoted by the unreliability of some exchanges (hackings, or also, that in South Korea the currencies traded at a premium over other exchanges) and the restrictions that will begin to apply the governments before the alegality in which they move at the moment the cryptocoins and the pulse that they are going to maintain the same ones against the governmental regulation. Having said that, we have two scenarios:

If BTC loses 12,000usd, it may fall to 11,000usd. Otherwise, you could re-consider target prices of 15500-16000usd

Sense títol.png

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Thanks for the update