Bitcoin has been reduced to $ 3,500, but is there relief Rally In Sight?

The Bitcoins-American Dollar Exchange (BTC / USSD) rate is a fresh four week low of $ 4,413 this week. Bitcoin Exchange of Shanghai, BTCC has closed its domestic business operations since September 30.

In this way, this announcement is the latest to provide support to rumors. The regulators are making formal restrictions on the exchanges of domestic owners. Long liquids in BST markets have been quickly scared that government's confirmation from China's People's Bank will be confirmed in the next few days According to data from the Seammarkar cap, in the last 24 hours, there has been a decrease of 11 percent in Bitcoin. Today, drop weekly to be seen today is 24% of weekly or two weeks of loss. Month-by-month, crypturogenic is 19 percent

However due to the lack of bedside news, out-outs should not be surprised because price action analysis disliked $ 3,000.
The fall in yesterday's price was the highest since July 20, indicating that there is a substance near the sale-off and the bearer confirms the bias.
Beat cone is running for the first time since July 20 for an average of 50 days.
In the area of ​​Fanacus recruitment, 38.2 percent of discrepancy has been broken. Fiona retirement level of 50 percent is $ 3,398.

The chart above shows that the 10-week Simple Moving Average (SMA) is still moving upwards, indicating that there is a great technical improvement for selling records of $ 5000. In addition, $ 5000, Rally provides 10-week MA
Feather wings have been mentioned at the level of $ 3,400 level [March auctions, 38.2% to 26.2% FBI, and 50% of July in July July].
To see Vitilin withdrew nearly 50% of the July-September rally, going for 1 hour and 4 hours in the RSI overloaded area, only temporarily for a small 10-week SMA shock.
Cost of $ 3,750 to $ 3,800 can not be denied outside of any other period before being sold.
For a long time, Bitian is looking for a level test of $ 3,000