Home Forums coins Bitcoin Bitcoin and the critical 6k level

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    • #28179
      Anonymous
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      The 50 day simple moving average SMA has proven Bitcoin to stay bearish and is nearing the 6K level critical support line which has held on for three times in the past. Bitcoin has to stay above this 6k critical level lest it weakens its digital currency and falls into the next tiers of support at the 5ooo levels. Investors are now in a wait and see stance as most await the comeback of Bitcoin above the 6000 price level.

      On the whole, the crypto markets seems to be wary.

    • #28266
      Anonymous
      Inactive

      They say the reason behind the Bitcoin price crash, is because a lot of Bitcoin investors are selling off their crypto to pay off capital gain taxes. These first-time investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017- some reports now show that they are selling off their Bitcoin fast, before they file their taxes. People forget that cryptocurrencies are considered property and not currency by the IRS.

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