Crypto-currency market: bitcoin is in anticipation of correction
After a short period of growth, bitcoin returned to the downward dynamics, which is traced last week. At the same time, further decline in BTC/USD is limited by oversold and support levels of 7500.000 and 7800.000, which are answered by the Fibonacci retracement levels from the July 13 low to the July high of this year. Therefore from this zone it is necessary to expect a turn with a test of psychology 8000.000.
BTC/USD chart. The current price is 7750.000.
Read also: “Index of Fear in the Market. Features »
Dani Levitan
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