Intercontinental Exchange (ICE), New stock exchange announced their plans to cooperate with Microsoft , Starbucks , BCG, and some other companies to create market and ecosystem to list Bitcoin futures contracts. Experts believe that it will make Bitcoin closer. Read more: https://ethereumworldnews.com/bitcoin-btc-etf-might-be-possible-with-the-bakkt-announcement-says-cnbcs-brian-kelly/
We can notice a huge decrease in trading comparing to yesterday`s value. On green is a little bigger which can mean that people try to sell BTC before it dropped even lower or traders take profit from short positions.
Level at $7,330 (red) was breached, and after that because of lack of support levels at $7,000-7,300 the price quickly went down. The support worked at $6, 975 (green). Bears managed to breach it but didn`t stay below it and the price retreated to its previous zone after falling to the $6,900 (blue) level. Now the rate is close to support and if it fails to work, the price will start its movement between green and blue lines.
Support at $7,500 (red) was breached and now this level will probably work as resistance. Current support s at $6,750 (green line). But in case of domination on the market, this level can become resistance. The support will form at $6,250 (blue).
retreated from oversold zone and is now close to 33% mark.
The rate is far below the red .
The price is in the bottom , which is wide and pointing downwards.
The price is in the bottom .
is low in the zone.
Red is above the rate.Indicators show that the will continue, but correction is possible.
The bears stay strong. But bulls are ready to resist. It is likely that we will see the side movement for now until one party gains absolute dominance.