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The BTC price continues to collapse, the last Key Level for the bulls & the medium-term price view

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To Update welcome to a Bitcoin exchange. The BTC price is currently trading around 9,100$, after he slipped on yesterday briefly for 700$. Today we want to take a look at the current status quo and look at what is the meaning of this further price slump for the Bitcoin exchange rate.The$ 10,000 are on the table? Or is everything still open, as long as we keep to about$ 9,000?Let us together the answers to questions like these and more go to the bottom.Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!Trading on our brokers comparison-winning eToro. You are looking for a reliable and intuitive Broker to trade crypto-currencies, CFDs, shares, Forex, commodities and more? Then let yourself be in our eToro Test in 2019 all of the features explain, what possibilities are given to you here and where is here the Before – and disadvantages are . eToro Test 2019 read now.

Bitcoin exchange rate Bullrun cancelled?

In the last few days the Bitcoin price at the upper trend line of the long-term the reverse case, had wedge Formation on the weekly Chart of Bitcoin (BTC) is moving and the$ 10,000 On rails, the magical border between a -, or downward trend. This bullish scenario, the BARR-Top, however, is in the way.Telegram-Channel BitcoinBude.de. Click here to follow.In the case of the BARR Top is a lot of bids due soon chart pattern, by the Bitcoin exchange rate seems to move for about 2 months on the daily Chart. More precisely, this is a reversal pattern, which suggests that the BTC exchange rate could currently pull a turnaround.Every Time, when the Bitcoin exchange rate moving further away from the$ 10,000, this bearish scenario is a bit more likely. However, not all is lost for the bulls all hope. What matters exactly, let’s look at now on the basis of the Charts in more detail.

This is the medium-term Key Level for the BTC course

If we take a look at the daily Chart, we see plotted the current BARR-Top, the Bitcoin seems to be moving rates. With the break of day yesterday we are currently trading back below the signal line of the Formation and are approaching the lower trend line. This lower trend is broken line to the bottom, the chart pattern is confirmed.However, there is still a long way off. The Bitcoin price has found just over 8,800,$ yesterday, there is a sufficient Support. Furthermore, he has not yet the last Low at 8.560$ sub-steps. This price level can be considered as the last glimmer of hope for the BTC bulls on the market. The Bitcoin should be close price on the daily Chart, below, that is 8,500$, there should be little doubt that the BARR-Top to confirm and the BTC price is in the medium-term crash significantly.How exactly is this bearish scenario might look like, you can read in this detailed Bitcoin exchange rate forecast.Currently, it is important to observe so carefully how the Bitcoin price will behave in the next days and week. It is definitely exciting to be the number 1 on the Crypto-market, and the uncertainty is always offers a good opportunity.Here you can the Bitcoin exchange rate and long you’re going to shorten still looking for a trading platform? We want to help you to find the right contact for a safe, secure trading with Bitcoin. If you are still in search of a reliable, regulated Broker that you trade with Leverage (2x),taking Long and Short positions,deposits via PayPal,the Sending of real Bitcoins in your Wallet andthe use of a wide range of trading tools,without a Download of any Software is necessary,then, is the world’s leading Social Trading platform eToro is just Right for you!Here you will benefit from a pleasant Design and easy and intuitive operation with customer service around the clock. Register today, without obligation, and try out all the features of the platform, without being forced to trade with real money.What are you waiting for? If you’re convinced, then you must act now!75 % of private CFD accounts lose money. No EU investor protection.You look better Videos to read the article? Then look at our Youtube Channel over. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.