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Wait and Watch? Bitcoin Prices Hover Near Make or Break Level by sydesjokes

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cryptocurrency · @sydesjokes ·
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Wait and Watch? Bitcoin Prices Hover Near Make or Break Level
<a href='http://bit.ly/2jY85sf' target='_blank'><img src='http://csyd.es/newsimages2/News_File_Image_2035.jpg' border='0' Alt='Click image to view story: Wait and Watch? Bitcoin Prices Hover Near Make or Break Level'></a>

What's behind bitcoin's recent lethargic price action?

Well, for one, investors appear to be waiting on the sidelines as they seek clarity out of China following news that the country's exchanges will shut down operations by October's end. Traders, it seems, are in no mood to take up big positions, as evidenced by the drop in the volumes.

But, coinciding with this decline has been lack of substance in the bitcoin-U.S. dollar (BTC/USD) exchange rate.

After a rally from the September 15 low of $2,908, bears made their presence felt but were reluctant to push the digital currency back to $3,000 levels. The weak selling pressure helped BTC regain some poise, although gains are now being capped at the key downward sloping trend line hurdle.

Full story at http://bit.ly/2jY85sf

Source: [CoinDesk](http://coindesk.com)

[Tweet This Story](https://twitter.com/intent/tweet?text=Wait+and+Watch?+%23Bitcoin+Prices+Hover+Near+Make+or+Break+Level+http%3A%2F%2Fcsyd.es%2F1%2F254+%23Blockchain+%23Cryptocurrency+via+%40SydesJokes&related=exploretravel1,FHStralow,JoanStewart1,joygreenchoices,Mobile_ZA,kerlund_k,SydesJokes,ColinSydes)

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@armshippie · 
Looking for the big comeback
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@csampiano · 
Upvoted & Resteemed!
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@exxodus · 
BTC broke out of down trend resistance but now is the test if it can break $4,125 and form a higher high for a trend reverse. Definitely a critical level for it :)
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@globetrottergcc · 
Great Post like always @sydesjokes , have stopped visiting the coindesk as you are presenting in a simple and nice manner. Have a lovely Tuesday!
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@myvlog · 
great post thanks @sdesjokes
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@steemthat · 
<p>You Are An Excellent Steemian. This post has received a 12.50 % upvote from @steemthat Return the favor and SteemThat Person Back: @sydesjokes.
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@fhstralow · 
@steemthat Bots Rock and Steem!  @sydesjokes is an excellent Steemian and helps so many people and in true Steemian style he shares his wealth, wisdom and knowledge.
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<p>You Are An Excellent Steemian. This post has received a 16.67 % upvote from @steemthat Return the favor and SteemThat Person Back: @sydesjokes.
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