Bitcoin Price Dips to $9.6K as Bear Cross Looms | Crypto Craft

  • Bitcoin Price Dips to $9.6K as Bear Cross Looms

    From coindesk.com

    Bitcoin (BTC) slipped to an 18-day low today, as a key indicator threatens to turn bearish for the first time in a year. The top cryptocurrency fell by $500 in 10 minutes just after 03:00 UTC to hit a low of $9,600 on Bitstamp. That level was last seen on Sept. 1. The drop was expected as BTC was on slippery ground following last week’s failed breakout. Volatility also fell to multi-month lows on Wednesday, indicating scope for an explosive price move. Prices have bounced back a little in the last few hours, but the bearish mood is still intact with the cryptocurrency currently changing hands around $9,850, ... (full story)

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auricforecas
Sep 19, 2019 2:31pm
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I mean one big sellers takes the chips from the table and convert them to cash and people go crazy, writing articles like it was a mini doomsday... pulling some "analysis" in retrospect/hindsight of course, how it seemed to be likely.. due to some CROSS/cartoon_figure or whatever The price already rebounded quite much... Will still do, I believe... Yeah maybe markets are somewhat shocked that FED yesterday didn't predict the end of the world in the near future... but still.. they implied a little loss of steam for the economy... So until optimism gets boosted radically... there seems to be no fear for BTC to drop?
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