Is it time to change the price trend of the Bitcoin, or the story ends and the road down is paved

Bitcoin price analysis 

Bitcoin plunged 10% yesterday to below $ 6,000 and now trades at $ 5,500 – a one-year low
After a long shuffle in the range of $ 6,000, he returned to distraction in his high volatility.
After months of speculation regarding the split, the market finally decided that the uncertainty over Bitcoin had reached the breaking point.
concern rising over the effect of the acrimonious Bitcoin Cash fork, and the general concerns around the fortunes of BitFinex, also sue to generally very low trading and transaction volumes, this could potentially verb a further capitulation.

In relation to this, exchange giants like Binance, Okex, Hitbtc, Coinbase and many more have expressed full support towards the upcoming hard fork whilst halting all Bitcoin Cash related services until the process is completed.
Bitcoin price analysis
Bitcoin analysis 
Bitcoin looks like he found support at 6100+_ price level  although  he didn’t manage to cross 8600$ after  last  recover and trade again near 6000 $  – lows level in last June bitcoin traded below 6000 $ –  it was expected – look on Bitcoin price 2018 vs Chinese stock bubble 2008 part 2
Told you a long time ago my exception for the bitcoin
shortly: ““Chinese stock bubble of 2007 wiped out hundreds of billions of market value
 Chinese shares have tumbled more than 8% in one day in November 2007 -Major indexes had their largest one-day drop ever
Shanghai Composite Index lost 8.5%, to 3,725.56 points.
Stocks fell across the board, with 2,247 companies falling, leaving only 77 gainers.
More than 1,500 shares listed in Shanghai and Shenzhen dived by their 10 percentage point daily limit, led by index heavyweights
 Sudden fall wiped almost a third off the value of shares during the course of a few weeks.
The fall was caused by rumors that the Chinese governmental economic authorities were to introduce varying policies that would restrict foreign investment – from capital gains tax to raising interest rates to a clampdown on speculative trading with borrowed money”

Bitcoin forecast analysis
bitcoin crash

Technical analysis

pay attention to 6800$ price level! – closed above this level will send bitcoin  up again over the last recording-term trend forecast moved is still down as long as 8600$ will not break up again! Break below 5200$  on weekly basis will send bitcoin to 4800 $ while a break up again above 6800 those levels  will lead bitcoin to go higher again
As long as bitcoin price below 6800 the trend is a bearish break below 5200 would send bitcoin to 4800+_While if we are a witness on the same move as happening in Chinese stock the last post I mention that in the market we have 2 option: The first one similar to 2013, second 2014

Bitcoin price update
Bitcoin chart

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice


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