It seems that BTC has finally decided to break through the $ 31,000 support that has previously been hit for at least another 4 times.
However, the ones that are bleeding the most are the medium altcoins with losses above 6%.
The dominance of BITCOIN is growing, which indicates that not everything is lost, a good part of the fall is being absorbed by BITCOIN that withstands the onslaught.
On the other hand, I do not know if you have noticed but DASH has been pumping like a beast during these last 30'... very weird while the whole market is bleeding IMO.
I don't know what the hell is going on but it doesn't seem organic in general.
Everything seems to indicate a move to create FUD in the market and try to buy BTC at a lower price, but I don't thing those whales creating the issue are really obtaining good results. I think we are going between 30000 and 31000 USD since the RSI of 4 hours is marking a quite bullish divergence despite the decline.
What I have already said, do not panic, I think that today is not the day to break the 30,000 USD.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted Using LeoFinance Beta
