Analytics as of December 21, 2017

Today a little “foundation for your feed”

BTC/USD

The decline in the BTC/USD rate, which has been observed since the beginning of the trading week, is associated with the publication of an interview with Emil Oldenburg on the website breakit.se, in which the co-founder and technical director of the Bitcoin.com resource talks about selling all his bitcoins, but does not name the amount. From the interview it is also not clear whether he exchanged bitcoins for some kind of fiat currency or maybe transferred them to other alt-coins. All online publications, as one, reprint his phrase that buying Bitcoin is the riskiest investment and that Bitcoin is not promising. Against the backdrop of such statements, the price of Bitcoin fell to the correction level of 16500.00, hitting a local minimum of 15500.00. However, such a decrease was predicted in the previous publication and represents a correction in the “usual” range for a pair with a high level of volatility.

Today, there is a small probability of a further decline in the yellow area, to the 23.6% fib support line (14700.00). It is more likely that the price will recover from the 50% fib support level into the gray range, into the area of nineteen thousand.