Bitcoin crashing like hell – Where is it gonna stop? - Forex News by FX Leaders

Bitcoin crashing like hell – Where is it gonna stop?

Posted Wednesday, September 5, 2018 by
Arslan Butt • 1 min read

Wow, just look at the chart. The BTC/USD is down 5.3%, down from $7,391 to $6,915. Honestly, I didn’t find any solid fundamental to support the movement. But let me help you with technical levels.

The poor cryptocurrency faced a hard time breaking above $7,385. The dramatic bearish rally in the BTC/USD can lead its prices towards $6,900 to $6,800. That’s the level ($6,810) where I will be looking to take a quick buying position to capture nice retracement. Let’s wait for it!

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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