The question of crypto-currencies has become a major issue of financial traders.
The price of bitcoin fell to a month low after rumors that the people’s Bank of China (PBoC) plans to ban cryptocurrency exchanges was confirmed.
The BTCC has announced that it will suspend trading on 30 September, and although the closure is voluntary, the local media reported that in fact there is a verbal Directive ordering all exchanges to cease operations. Even the largest Chinese exchanges such as OKCoin and Huobi, and was informed that they have not received any notices directing to stop the operation, announced the closure after a meeting with representatives of the regulator. They, however, managed to negotiate an additional month of work, i.e. they will close on 30 September, and only at the end of October
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All these developments led to sharp price spikes bitcoin, for several hours she even fell below $ 3,000 dollars. At the time of this writing, the average price of bitcoin is $ 3445 according coinmarketcap.com
Forecasts
The well-known trader WhalePanda argues that the ban on cryptocurrency exchanges in China have played a role in the past week, so he intended to buy at the level of $ 3,200, if the price will go back to this level before you can recover.
Economist Tuur, Demaster stated that he started buying at the level of 3400 dollars. Noting that the price of bitcoins dropped 33% in less than two weeks, he calculated that there was a chance that she will soon recover.
Others expect that the correction will correspond to the forecasts of the main Goldman Sachs analyst Sheba Jafari, which forecasts a drop to about $ 2,000. For example, CEO of Civic Vinny Lingham said that he will not buy as long as price will not reach 2500-2700 dollars. It is noteworthy that he recommended to sell well above $ 3,700. Co-founder of BitPay Tony Gallippi agreed, saying that he sees support levels at $3000 and $2600.
CEO Chainstone Labs Bruce Fenton believes differently: “I Have two words for my old friend Vinnie. HODL. Yes, it is considered two words because some people don’t understand the first time”.
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