how popular is bitcoin in your country? in our country ,more and more people invest in Bitcoin now . Is there any good news about Bitcoin from your country?
https://www.aicoin.com/chart/31D70E6ABTC:
BTC is hovering around $10,000, whether price bounces back or not will determine BTC will continue the uptrend or start a downside move with a major correction. The closing price from tonight to tomorrow morning is very important, if price remains above $10,500, we can hold on to our positions, if not, then reducing our positions is the best way to avoid risks. 5-Day MA strategy still applies to current situation.
BCH:
Its normal for price to bounce back to $1,300 after breaking below $1,520 and price will find support at $1,300. But it seemed unnormal for BCH price to go against BTC price this time as the major adjustment lowered altcoins and major coins prices, indicating the change in funds and signs of retreat.
LTC, ETC & ETH:
Basically, all of them shared a same price action which was extremely weak after a slump in price with increased volumes. Moreover, they all broke below the support at 5-Day MA and showed no signs of fighting again the downtrend. ETC, however, seems to be the strongest and should be your priority when price bounces back. Reducing your positions should be your main strategy for now.
Altcoins:
Dash seemed the only one experiencing an increase in price among altcoins, price is under a pretty strong control and holds the possibility to go wild. 5-Day MA strategy is still recommended for further operations and stop-losing level must be strictly set.
Original by Kuang Ren, translated and posted by AICoin Jami.
I will consider the acceptance of our government to Bitcoins as a good news for there is some government that banned it and I am pretty sure that we don't like it too happen.
The institution that is responsible for this issues in the Philippines send an announcement to warm the Filipinos about the possible risks of Bitcoin. I promote this move of our government to apply by all the countries for them to be aware about this new trend and the possible risk of it. Government should be responsible for these serious issues.