OKCoin & Houbi future looking suspicius. this is not hidden from anyone that how each chinese news effect on the cryptoMarket. After s very quick drop due to BTCC announcment, we have noticed a massive volatility in bitcoin price. Technicaly btc should stop this drama and contribute to make market stable. but if we looking from fandamentaly prospective, there is an huge sellOff pressure applying on bitcin that trying to pulldown bitcoin value. On 4H Chart bitcoin again attempting to cross possible resistance but if it failed this, than this will be real trap.
3000-3100 likely be good support. 3600 resistance will decide, either btc will touch 4000 or 3000.
Possible Scenerios Marked on chart!!!!
Good Luck
3000-3100 likely be good support. 3600 resistance will decide, either btc will touch 4000 or 3000.
Possible Scenerios Marked on chart!!!!
Good Luck