Bitcoin Bitcoin stable at more than $4500 (in part), bullish sentiment recovery

After selling a week, bitcoin (BTC) price temporarily fell to $4200, while the performance is equally bad copycat coins. After this, the new composition of the encryption by speculators market finally began to stabilize, and find some signs of stabilization. This is accompanied by the stable beyond all expectations, considerable trading volume, after the collapse in price of US $6200 in BTC, then fell below the key support of several $6000, $5800, $5000 and $4800 recently.

In the comment market, CrackedMarket GA Nicky Dean J of MarketWatch says hankin, short-term bottom encryption currency market may be in the pipeline, although there is ambivalence. Ziedins will attract people’s attention to the price of US $3500, since this is the month since 2017 8 bitcoin never touch the price. Full-time market analyst and author Qi dince explained:

The next few days will continue to sell, but may rebound to $5000 from about 3.5k. Considering the recent decline, it sounds not too much, but from $35 thousand to $50 thousand, only to rebound, can a few days work to get nearly 50% return.

Ziedins then pointed out that the transaction is not for the faint hearted “, which hit a long-standing belief that violent encryption market (usually) daily fluctuations will allow traders to flinch, unless they are wild and free. In any case, the MBA students pointed out that if investors are willing to promise, will have the opportunity to get “a good return”, then he added, “a rebound is inevitable”.

Although nearly 50% profits may be attractive to swing traders, but some people worry that Ziedins’s argument is unfounded, but the prediction based on the whim of a single game player, though he may have had many years of experience and reputation to defend. Crypto fund Bletchley Park (Bletchley Park Asset Management) Asset Management Co chief investment Lis Ferras (Lewis Fellas) official said in a Bloomberg (Bloomberg) said in an interview, “the market has entered a stage of great surrender, I think the worst is yet to come.” Ferras will be followed by the people’s attention to a transaction habit — on the stairs, elevator, then will the contact with bitcoin together, he pointed out that the encryption is the center of the investors have been trying to maintain stability, then suffered a heterogeneous impact very sharp”. At the time of this writing, BTC in Coinbase and Bitstamp’s share price is slightly higher than the $4500, while in Bitfinex’s share price is far higher than the $4600, probably because the recently reported that the SEC is investigating Tether (USDT) and Finex.

Translation: Kunming plus

Source: ethereumworldnews

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