Bitcoin in the correction mode
The cyclic currency Bitcoin has to be up by three percent on Tuesday compared to the previous day. At the beginning of the week it was still the brand of 4,000 US dollars, which offered support to the bulls. Already in the first half of the day, the price declined to $ 3,600, but is back in the upside at the current hour at a level of $ 3,900.
As a result of the high-altitude camps that Bitcoin entered on Thursday at just under 4,500 US dollars, first heat storms seemed to be a matter of time. The climbing party, which has been going on since the first of August, is therefore terminated by a chart. The latest support level of $ 4,000 will now turn out to be a drag and push the course south.
Once again, Bitcoin demonstrates its high volatility and attempts to establish a sort of opening of the currency through an index-based fund (ETF) proverbially with the feet.
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