Bitcoin is a cryptocurrency. It is a decentralized digital currency without … bearish. Bitcoin looks like it wants to test lower Waiting for sub 10 Entry.
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Bitcoin is a cryptocurrency
Chart #1: Bitcoin Daily Chart: Satoshicard.com This is a good trading/investing indicator. On Satoshicard.com, we do not recommend trading, but we encourage people to monitor their spread in cryptocurrencies. A price support system can be identified and, if it is strong, a long position can be made for traders. Chart
#2: Bitcoin Monthly Chart: Mintny.cc Here is a good way to identify support and resistance. The price topped with a close near 0.00001 BTC/USD on the 12th of October 2016 and then started to rise. This may mean a new all time high could be in the cards. Chart
#3: Bitcoin Profit Index: CryptoCurrency Stocks.com This is another good way to determine where the trend is headed.
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Bitcoin looks like it wants to test lower
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Waiting for sub 10 entry
Bitcoin started the week on a mixed note as Bitcoin price barely broke above the $1150 level but managed to make a weekly high on Monday at $1281.
It was a down week for Bitcoin with a low of $1095. The value of Bitcoin moved down for the last seven days to reach the lowest level of the year at $1080. It also reached the lowest level since November last year.
The price of Bitcoin rallied sharply in late 2017 after the Japanese government acknowledged the coin as legal currency.
Bitcoin rallied to almost the $20,000 level in December last year and lost 80% of its value following the death of Bitcoin exchange Mt. Gox. The Bitcoin price dropped to around $600 earlier this year after reports of hacking and the SegWit2X fork. Bitcoin rallied to over $1200 in February.
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