Support levels Bitcoin in Euro

15 Sep 2017

If the two remaining large Chinese exchanges announce they will be closing business until licensed, we can expect incremental drop through support level stages as indicated on the chart. With final bottom theoretically possible if mass panic avalanche or major investor decides to pull out in a game of chess. Current bottom bounce could be a resolution, but I doubt it since news dust still in the air - probably positive thinking and expectations it's over or people averaging cost to buy-in. Be wary of bull traps.
Markets will recover sooner or later, but Bitcoin fork coming might delay that and it isn't over until January really.