BTC may test the year-to-date LOW again?
Updated
Bitcoin looks like is about to fall even more in the following days, mainly due to the refusal of ETF and lack of positive news and volume overall.
According to UBS Bitcoin is very price sensitive and not market driven, but speculative. This shows that BTC is mostly used to exchange between other Altcoins rather than real life usage. This kind of news is getting more and more popular and it hurts the price of the coin everyday as its most important asset - trust - is getting away.
Let me know if you think BTC will test and bounce back from the year to date low or it will break through?
_____________________________
source: cnbc.com/2018/08/02/bitcoin-still-too-unstable-to-be-mainstream-money-ubs-says.html
According to UBS Bitcoin is very price sensitive and not market driven, but speculative. This shows that BTC is mostly used to exchange between other Altcoins rather than real life usage. This kind of news is getting more and more popular and it hurts the price of the coin everyday as its most important asset - trust - is getting away.
Let me know if you think BTC will test and bounce back from the year to date low or it will break through?
_____________________________
source: cnbc.com/2018/08/02/bitcoin-still-too-unstable-to-be-mainstream-money-ubs-says.html
Note
It hit the targetas expected. A little bounce on $6000 and looking for a lower dive to the $5800 support. Make sure you follow me for more free signals. Also if you need any help message me, im looking forward to it :)Note
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