Bitcoin loses its price support and may continue to fall

It is increasingly difficult to expect any positive price dynamic digital assets industry. Bitcoin put pressure continues to increase, although no one can point out the exact reason. If it continues, it is possible to $1175.

Although most people do not want to see this happen, but the price of bitcoin is not likely to reach $3000. On the contrary, this level is very close in the past few days, so there is no reason to believe that it can not be broken.

The main problem is whether bitcoin will in the next few weeks to reach a higher low or low. Recently, bitcoin prices may soon stop.

When this happens, there will be no bitcoin price support, and may further downward trend. Because most experienced traders expect prices will fall further, so almost no buy order.

With the decrease in the volume of transactions, in any case can not achieve any real price rise. At the same time, sales seems to be low, which can effectively create an interesting scene: the search for new support area

In view of the current market situation, the price of bitcoin obviously need to find stable support. All the previous area has been broken, this is why the value continued volatility in the past few weeks. Have to try a few times resistance test, although so far almost no success. Therefore, close to the key support of $2958 will soon play a role.

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