IMPORTANT DISCLAIMER

BTC/USD 21.09.2017

The past week proved highly challenging for the whole market. Bitcoin graphs show that the market withstood this test with forbearance. Even in the absence of positive news, there was a rapid price reversal from key support levels. Everything has gone smoothly this week, and buyers and sellers are now analyzing the situation. Japan’s Financial Services Agency (FSA) gives a bit of positivity to the market as it is considering the possibility of surveying ICOs in Japan. The FSA has played a pivotal role in drawing up rules regarding cryptocurrencies in Japan, despite the fact that the country has officially classified Bitcoin as a payment method.

- Bitcoin hit a very strong support level at $3,000, and any attempts by sellers to move in this direction now can be regarded as an opportunity to make a good purchase.
- Resistance at the $4,000 level has been tested, and we are very likely to see a breakthrough attempt to reach $4,400.
- Getting out of the $3,000 to $5,000 range is important for the bulls. A new surge in sales may result from remaining at the same levels for a long time. This can lead to the price quickly getting back to $3,500.

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