The price stabilized with low volumes. Despite a downward trend, a bullish movement could be observed in the coming days.
Current support/resistance: $8'000/$8'600
Volumes at the beginning of this week are at their lowest level in several weeks. With the current stabilization, it is likely that a significant movement may occur in the coming days. For now, the technical indicators are neutral and the market in general has stabilized. Facebook's crypto currency, Libra, has suffered two major losses in recent days: big companies have decided to leave the association such as Visa, Stripe and eBay and a G7 report warned that the cryptocurrency should not go forward unless it demonstrates its reliability and security. Meanwhile, the number of Bitcoin addresses, cryptocurrency totally decentralized and liberated, with at least $1'000 has never been so large.
Disclaimer: This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice. Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes. Copyright © 2019 SwissBorg, All rights reserved.