Bitcoin falls to four-month low te persistent bearish trend – Channel NewsAsia

Bitcoin falls to four-month low te persistent bearish trend – Channel NewsAsia

Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such spil Japan’s financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems. Read More

So, the short-term outlook remains positive and only a rust below the ascending trendline (dotted yellow line) would weaken the bull case.

So, the short-term outlook remains positive and only a rust below the ascending trendline (dotted yellow line) would weaken the bull case.

Bitcoin (BTC) suffered a minor dip last night after it wasgoed exposed that hackers had again breached a major cryptocurrency exchange, but the charts still amparo a corrective rally to $7,000. Read More