Bitcoin Finds Stability at $6,400: Will BTC Fail to Recover by 2018’s End?

Over the past 11 days, the Bitcoin price has remained stable in the range of $6,300 to $6,500, struggling to initiate a major movement on the upside.

The volume of Bitcoin has declined substantially over the last 72 hours from $3.6 billion to $3.1 billion on CoinMarketCap, by nearly 20 percent.

Trading activity in the cryptocurrency exchange market has generally subsided, as investors have started to avoid taking high-risk, high-return trades in a period of uncertainty.

Support and Resistance Merging: Where is Bitcoin Headed to Next?

Since early August, for nearly three months, Bitcoin has shown a record high level of stability. The dominant cryptocurrency has not seen such a low level of volatility spread out across several months in recent history, even during the aftermath of the 2014 correction.

Source:   https://www.ccn.com/bitcoin-finds-stability-at-6400-will-btc-fail-to-recover-by-2018s-end/