26.09.201709:23 Forex-elemzések és áttekintések: Trading recommendations for Bitcoin, September 26, 2017

While the information background around crypto-currency is relatively calm, Bitcoin does not even think of becoming cheaper. However, it does not show a clear upward trend. It seems that, after the tough measures of the Bank of China, many realized that this is only the beginning and sooner or later other countries will follow suit. And no matter how outraged, the actions of the Bank of China are fully justified. The lack of regulation and supervision makes crypto-currencies extremely attractive for the laundering of criminal proceeds and tax evasion. It is the understanding that tightening control and supervision is inevitable and restrains the growth of Bitcoin. Nevertheless, many still believe in the repetition of the incredible growth in the value of Bitcoin in the hope of a fabulous get rich, and it is this belief that leaves the potential for growth in its value.

Technical picture

As previously predicted, bitcoin managed to escape from stagnation in the direction of the first value of 4000, but the bull potential is not so great yet, and after the impulse movement we saw a rollback. Probably assume that the current regrouping of forces in the near future will end and the quotation will be able to find periodic support in the value of 3800, returning to the buyers' market. In the case of a coincidence of the forecast, it is likely to expect a repeated assault on the level 4000 with a fixation above it and further planning to 4115.

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