Daily Bitcoin and Ethereum Predictions – Profit booking again takes the main Crypts at weekend price levels

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The market of encrypted currencies today is trading in red as encrypted the bulls continue to lose fundamental support and high impact news to keep the recent gains: while the Japanese FSA has denied considering the ETH Bitcoin, the market bulls who gained ground at the start of the week have lost their foundations resulting in sharp decline and from the session of the European market today Bitcoin and other major currencies encrypted all the gains made at the beginning of this week and have returned to the price level seen over the last weekend.While the news hit the market on the possible move by The Russian government has moved an important part of its Forex reserve into Bitcoin in an attempt to escape the effect of US sanctions on the Russian economy, the market did not notice it because the report lacked official confirmation from government representatives and investors were outraged by being deceived by FSA news Japanese who consider Bitcoin ETFs. "data-reactid =" 11 "> The crypto currencies market is currently in red, as the crypts continue to lose fundamental support and high impact news to preserve recent gains. As the Japanese FSA has denied considering the Bitcoin ETH, the market bulls who gained ground at the start of the week have lost groundwork resulting in sharp decline and from the European market session today Bitcoin and other major cryptic currencies have lost all gains earned at the start this week and have returned to the price level seen last weekend, as news comes on the possible move of the Russian government to move much of its Forex reserve to Bitcoin in an attempt to escape the effect of US sanctions on the 39. Russian economy, the market did not notice it because it lacked official confirmation from the government and presenters and investors are indignant about being fooled by FSA reports in Japan that consider Bitcoin ETFs.

Lack of fundamental support for recovery recovery results in another dead cat rebound

The cryptography market continues to lose trading volume as investors have been cautious with regard to the emerging Constantinople fork of Ethereum and have refrained from placing important bets. The flow of funds in the market is also influenced by earnings booking activities, as investors want to do their best before another bearish attack comes into force, since most of the previous attempts to balance psychological resistance have proved to be nient & Nothing but a rebound from the dead cat. At the time of writing this article, the BTC / USD pair traded at $ 3829.9, down 5.83% on the day. Looking at the pair from a technical point of view, Bitcoin is expected to continue to suffer a lot of losses and rebounds as the pattern has been repeated many times in the recent past due to a lack of fundamental support that could help the couple maintain a strong hold on the above the value of $ 4000 which suggests nothing much has changed in the market looking from the long-term perspective.

Ethereum has suffered a much worse fate than Bitcoin, as the ETHUSD pair has lost more than 12% today and is close to $ 130 a level of psychological support that, if violated, could push the pair to a level near or below $ 100. Investors want to make the most of recent gains in the race and are skeptical of market performance after the network upgrade as this is the only major factor that has provided a lot of momentum in the recent past and there are other important events to push the pair above key resistance levels. The ETHUSD pair is currently trading at $ 133.45 a fall of 12.45% on the day and is expected to fall further between the lack of fundamental support before hard fork as most investors should continue to extract funds from Altcoin .

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This article it was originally published on FX Empire "data-reactid =" 22 "> This article was originally published on FX Empire

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