On Saturday, February 24, the price of Bitcoin (BTC) dropped below the psychological level of $ 10 000 for one digital value. The pair is currently trading at BTCUSD $ 9445 on kriptobirzhe Bitfinex. Thus, it appears that the downward trend line on the daily chart (D1) worked as a resistance and limited growth rates further cryptocurrency:
In terms of graphical analysis, at the moment there is no signal on the price increase in Bitcoins. Therefore, I believe that during the day BTCUSD continue in the downward movement in the D1.
On the hourly chart (H1) the price of Bitcoin has exceeded its upward trend, a trend that is "broken"..:
Consequently, although last week SegWit received additional support to the event Bitcoin price has failed to affect positively.
From my point of view, taking into account all of the above, while the number of transactions with Bitcoin does not begin to rise again, the reasons for buying cryptocurrency not:
At the present time I take a wait and see position.
Trader analyst Vesselin Petkov Alpari