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FX.co ★ Trading recommendations for Bitcoin, September 29, 2017

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Crypto Analysis:::2017-09-29T07:53:06

Trading recommendations for Bitcoin, September 29, 2017

Bitcoin has already experienced a local correction, and it seems that it has exhausted itself. The news background regarding actions, and rather intentions, of the monetary authorities towards Bitcoin, continues to remain unchanged. So after a minor stop, there is a potential for renewal of growth but it is still limited, therefore, its pace will be small. After all, investors are worried about the general mood of the largest central banks, which tend to take tough measures.

Technical picture

After reaching the value of 4260, bitcoin slowed down the movement, forming a rollback to the points 4115 ---> 4000, where it still is. Probably assume a temporary stagnation of 4000/4115, wherein the case of a fixation above the value of 4115, it is possible to resume the upward interest to 4260 ---> 4420. In case the bearish interest does not fall, and on the weekend, some rumors about the toughening of crypto-exchanges, movement can last up to 3,800.

Trading recommendations for Bitcoin, September 29, 2017

Earn on the movement of the course of the crypto-currency with InstaForex, opening a deal in the terminal MetaTrader4

Analyst InstaForex
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