With the rate falling from 23. October 2019, which is the price of Bitcoin back in the bear market occurred. Could Trader from Wall Street the price being manipulated?
Of Bitwala Trading Team
On the 25. October 2019BTC$9.457,96 -1.35%part Facebook Twitter LinkedIn xing mail
After all, there is positive news on the Fundamentals: With 18 million mined Bitcoins is an important milestone for the Ecosystem has been reached. Also the Developer of the activity of the Bitcoin network never sleeps, so you can now pay via Lightning to Amazon.
technically, the current Bitcoin rate, however, is a matter of concern.
the Bitcoin price has now arrived in bear market
the weekly chart on the Basis of the value pair is BTC/USD on the stock exchange Bitstamp
In the weekly chart is the price of Bitcoin below the EMA-like Band. The week should finish candle below this Band, this would be a lot of bids due soon characters. While so far, the EMA-Ribbon, overcome once a strong Support for about 1-2 years was, he could not keep this time, even a half a year the Bitcoin price in bullish climes.
death cross and Head-and-Shoulder Pattern in the daily chart
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daily chart on the Basis of the value pair is BTC/USD on the stock exchange Bitstamp
the created chart is bearish right: Between the sliding average values of the last 50 and 200 days, a death cross was formed. This coincides with another bearish sign: The price of Bitcoin has recently completed a Head-and-Shoulder Pattern. Currently, the Target is therefore 6,900 US dollars.
Falling Wedge Pattern as the last rescue?
the weekly chart on the Basis of the value pair is BTC/USD on the stock exchange Bitstamp
creates A little hope on a recovery in the course, however, is in the Form of a few days ago, discussed the Falling-Wedge theory: you Should go through the Bitcoin-price of this and the Support of the same may recover of the course abruptly again. Likewise, a bullish divergence between price and RSI makes hope for a change of mood in the market.
Bitcoin price manipulation by Wall Street traders?
is The question many busy: Why is like the course? What noticed was, that the price fall has coincided with a sale of 400 BTC on Bitstamp. Only minutes later, it came to a further three sales of a total of 265 BTC. In the Community, popular theory is that the price of Wall Street has been manipulated by traders. The introduction of the Bitcoin Futures, 2017, CME and CBOE, most recently, of Bakkt, to the have allows. This opinion is also Christopher Giancarlo, the former Chairman of the CFTC, according to which the Bitcoin Futures were partly responsible for the Bursting of the crypto bubble of 2017 represents.
milestone of 18 million BTC in circulation
is Not all about Bitcoin negative. In fact, the crypto-currency has reached recently a significant milestone: Since the 18th century. October, the Supply of Bitcoin amounts to 18 million BTC. There are only three million BTC are so schürfbar. Since every 210,000 blocks, or roughly every four years, a halving of the Mining Reward, however, you need to the mines this last 3 million Coins more than 100 years.
Amazon, with Lightning shop
Using the Browser extension Moon interested can pay on Amazon with crypto-currencies. You can pay via Lightning Network or by using a Coinbase account. Currently the Plugin only supports Amazon, however an expansion is planned, so you can soon pay on eBay, AliExpress or Target with Bitcoin.
Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.
Charts on the 25. October 2019 using trading view created.
USD/EUR exchange rate on the cut-off of 0.90 Euro.
The market comment was written from the Bitwala Trading Team. Bitwala provides the easiest and safest way to buy Bitcoin directly from a Bank account and to sell. More info here.
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crypto – and traditional markets: Bitcoin at the end of the dive? How to tick a centralized crypto exchanges? Part 2: on the Road between the Binance and Poloniex “BTC is hardly to be stopped”: the Translators of The Bitcoin Standards in the Interview#Amazon#Bitcoin#Trading
