RATE Group | Will BTC Fail to Recovery by 2018’s End?
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Will BTC Fail to Recovery by 2018’s End?

28 Oct Will BTC Fail to Recovery by 2018’s End?

Posted at 14:24h in Bitcoin News by

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Over the past 11 days, the Bitcoin price has remained stable in the range of $6,300 to $6,500, struggling to initiate a major movement on the upside.

The volume of Bitcoin has declined substantially over the last 72 hours from $3.6 billion to $3.1 billion on CoinMarketCap, by nearly 20 percent.

Trading activity in the cryptocurrency exchange market has generally subsided, as investors have started to avoid taking high-risk, high-return trades in a period of uncertainty.

Support and Resistance Merging: Where is Bitcoin Headed to Next?

Since early August, for nearly three months, Bitcoin has shown a record high level of stability. The dominant cryptocurrency has not seen such a low level of volatility spread out across several months in recent history, even during the aftermath of the 2014 correction.

Bitcoin has stabilized in the lower price range to the point in which its support and resistance levels started to merge. Previously, respected cryptocurrency trader Peter Brandt…

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