Seeing the price of continuous fall in Bitcoin, Crypto Currency lover might have disappoint but true lover in strong believer still hopes for the best and buy in every deep.
Talking with may Crypto Currency expert they believe that current fall in Bitcoin price is limited and anytime it will start to move higher.
The cryptocurrency found acceptance below the crucial support of $8,217 (prices as per Bitfinex) at 12:00 UTC yesterday, signaling the corrective rally from the low of $7,240 has ended. The emboldened bears then pushed bitcoin down to $7,716 earlier today – its lowest since March 18.
Clearly, the bears are in control, however, so far the downside has been capped around $7,700. The 1-hour chart shows the cryptocurrency could rally to $8,271 (former support, now resistance) on the back of a bullish price-RSI divergence.
So still a chance to tie the seat belt tight and get into the new rally begins at any moment
Best Of Luck-
H A P P Y T R A D I N G