Post
Topic
Board Trading Discussion
Re: Why Bitcoin is Declining? And What’s Next?
by
Monfex
on 30/08/2019, 09:45:44 UTC
Bitcoin so far was declined again, probably there are some whaler put a huge amount to sell their Bitcoin where it leads the price went down so much. However, it is a good timing for us to buy em again then hold in a long term for us to gain in the future when price goes up again in the market as well.

Exactly. The price has broken down below a significant support at $10,000. An even stronger support is located at $9,000 and is not broken yet. The outlook for Bitcoin remains quite positive, supported by the strong signals based on technical analysis.