Bitcoin price at $3,909 right now
Right now the price of bitcoin is at $3,909 and has gone down by 3.84% in the last 24 hours. I thought it had hit a low already and would go up fast, but who knows how long that would take. I hope it will go up very soon though. I believe the price of Steem going down is related to this bitcoin price. I will have to keep checking the price and we'll see what happens.
t appears that the bear market has entered the "Despair" stage
Bitcoin is currently consolidating on the .382 fib level on my chart around 3820. Right now, it appears we are consolidating in what appears to be a bear-flag formation. We are also seeing some bearish divergence on the volume ; as for price is climbing as volume is declining. If we break below the .382 fib level on my chart, I suspect we will come all the way down to the .236 fib level area on my chart around 3690. I'll be watching for a potential double bottom around 3500 should the 3690 area not hold. Trend remains bearish in my opinion. If 3500 breaks, I'm watching 2800-3000 as an area of interest
what do you think about it?
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