Crypto-currency market: Bitcoin is limited to oversold

The pair BTC/USD and the crypto-currency market as a whole remain under pressure. By the end of the day, the main crypto coins were under pressure.

The pair BTC/USD, in addition to significant oversold, is limited to the level of 8395.00-8390.00, from which one should expect the formation of correction. At the same time, this instrument and the market of crypto-currencies remain in a downward trend. So, the decline of BTC/USD is likely to remain, but after correction, which at the weekend may be expressed in flat.

Hanzenko Anton