Today, Bitcoin’s price fell below $ 7 thousand, which is the worst indicator since May. The course began to quickly decline after China’s Central Bank promised to strengthen the struggle with local cryptoci.
On November 21, the People’s Bank of China warned that measures against all who violates the state ban on Kryptovaya trade. The statement says that when identifying such subjects, they will be immediately eliminated, in order to avoid their further expansion.
Today, Chinese media reported that the authorities have intensified the search for violators and have already identified dozens of exchanges working with virtual currencies. The network also mentioned the visits of law enforcement agencies to the offices of Binance and Bithumb, although the company themselves deny it.
Against the background of negative news from the Middle Kingdom Course, Bitcoin began to fall rapidly and today struck the level of support $ 7,000. At the time of publication of the BTS trades $ 6963, losing 10.5% in the last 24 hours.
The graph is observed a steady downward trend and oversold, since the relative force index (RSI) is significantly lower than 50. The fall also contributes to the strengthening of traditional markets and the recent
The fall will continue until RSI will rise above 53. Analysts do not exclude the possibility of minor bones, but to exit the bear trap Bitcoin need to rise above $ 8230.
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