Re: Is this why Bitcoin is crashing?

Quote from: cryptomarketyourself on September 27, 2019, 05:43:46 PM

Well, maybe crashing isn't the right word - but it's definitely dropping in price. Here's a cool overview of what's happening:

https://cryptotradernews.com/crypto-trader-pro/what-triggered-the-mighty-bitcoin-fall/

My key takeaways:

September is typically a bad month
Baakkt is not doing very well
Its worth noting the cryptocurrency is still up about 127% on a year-to-date basis

Thoughts?

End of the CME and CBOE futures, the Bakkt Fiasco and well the descending triangle and the gap on the chart... if you're looking at the situation in terms of trading perspective.

I feel the trading War between the US and China was the main driver of the surge in the Bitcoin price the last months this correction is healthy for the price if you're into this long term.

to be honest 7400$ is a great level if the price touch there again I will buy more.