Bitcoin: After a rough week, the next level to watch...
Posted: January 13th, 2018, 12:44 pm
After bitcoin’s rough week, currency strategist marks the next level to watch
Bitcoin's price has fallen considerably since its highs late last year and could see further pain from a fundamental and technical standpoint, according to a foreign exchange strategist. $10,000 per coin is the next level to watch:
https://www.cnbc.com/2018/01/12/after-b ... watch.html
Bitcoin's price has fallen considerably since its highs late last year and could see further pain from a fundamental and technical standpoint, according to a foreign exchange strategist. $10,000 per coin is the next level to watch:
- • Bitcoin hasn't risen above $15,000 since Tuesday, and this apparent loss of momentum may lead to a decline in sentiment.
• The $10,000 mark, at which bitcoin has not traded since November, would be a psychologically important level for the cryptocurrency, which was trading a little over $13,700 per coin on Friday afternoon.
• If bitcoin were to breach that level once again, the critical question would become whether investors would step in to buy the dip or it would lead to further liquidation.
• Earlier this week, Warren Buffett, Berkshire Hathaway chairman and CEO, said cryptocurrencies would likely "come to a bad ending." Bitcoin's price fluctuated wildly this week, too, as South Korea was said to consider a ban on cryptocurrency trading.
https://www.cnbc.com/2018/01/12/after-b ... watch.html