Wednesday, 27 June 2018

Facebook failed support the cryptocurrency market despite good news

Posted by Valentine at 16:38 Labels:

Today, on the background of equity markets attempts to consolidate and play back some of the previous losses, the global cryptocurrency market continues to trade under pressure at low volumes. Shortly before the start of the American trading session, bitcoin is trading in close proximity to the strategic level of $6000.

Cryptocurrency market traders were encouraged by the recent Facebook decision to cancel the ban on cryptocurrencies ads. It was expected that this positive news would have a positive impact on the bitcoin price. However, the market completely ignored this information. Although it is reported that cryptocurrency advertising is allowed, Facebook confirmed that ICO advertising is still banned.

Given that even Facebook did not not affect the cryptocurrency market in any way, in the short term, the market left to itself will continue to trade under the influence of technical factors.

If the market volume of major crypto assets does not increase in coming trading sessions, it is unlikely that the market initiates a major corrective growth impulse and is likely to continue sideway sluggish consolidation near the $6000 strategic mark.

FortFS

1 comment :

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