Bitcoin Price Analysis: Despite positive news in India, BTC / USD stumbled at $ 11,700

in #cryptocurrency7 years ago
  • BTC / USD Trend line failure failed.
  • The SBI card allows the purchase of crypto with Indian credit card.
    Bitcoin prices have decreased by 5% on Tuesday because it is very strong to accept at a dash of trend line resistance. Once the profit is finished, Bitcoin Bels will try it the second.

Bitcoin-positive news comes from India, where credit card's second largest issuer, SBI card and payments services Limitated credit card decided to ban buying Bitcoin and other cryptokurbanes. The SBI Card has warned customers about the risks associated with Cryptokrunge
"Global and locally, SBI Card will advise you to be aware of the risks related to the possible economic, financial, operational, legal, customer protection and security related to the crypto-currency and virtual currency."

Technical pictures of Bitcoin worth

After reaching $ 11,764 on Tuesday, BTC / USD lagged behind the $ 11,000 support level. If the failed attempt to break from the long-term debt pressure trend on December 17, 2017, the currency has become risky, they can achieve higher profits on the assumptions.
On an internal basis, BTC / USD can not resolve the 11,000-dollar $ 11,000 deadlock in the area. As frequently visible on the chart, this support area is strengthened by the reverse trend line and 100-SMA. The following steps will take 50% of the coin to 10,266 dollars.

BTC/ USD, daily chart

BTC/ USD, hourly chart


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