Yesterday, Coinrail, a south Korean trading platform, suffered a cyber intrusion that caused bitcoin prices to fall. And the decline was the highest in three months. (about 50 percent).
For me, Cryptocurrency is an amazing thing, which has changed so quickly that we can only make a rough guess by K chart analysis.
https://twitter.com/Coinrail_Korea/status/1005650529773486080Bitcoin has a strong short position and it is aiming to push prices down to a low of $6,000 in February 2018. As you can see from the picture, the bitcoin bearish signal is still strong.
Within a week or two, bitcoin prices could fall below $6,000, and over the next 48 hours the BTC could bounce back slightly to $7,000 to $7240, before falling further.
Only if the daily closing price is above the 10MA (at $7500) can the bearish be stopped.
https://cdn-images-1.medium.com/max/1400/1*_imsHEcoajsc_tK8z4fzeQ.pngDisclaimer: This article is not meant to constitute trading/investment advice. Please use extreme caution when trading any cryptocurrency.If you have different opinions, you can reply after reading.
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https://twitter.com/CRYPTO_EVERESThttps://cdn-images-1.medium.com/max/600/1*_jFTlp3DrOG6E3vWnQ8fJQ.jpegI am very sad with the current Bitcoin price. Because Bitcoin continues to decline without the movement of price increases. This makes investors sad and afraid to invest in cryptocurrency
