Bitcoin loses 10,000 dollars and is placed on the edge of the precipice

At the start of the European stock exchanges, bitcoin is trading around 9,800 dollars although the digital currency has lost 5% in just one hour, a kind of mini 'flash crash' that has coincided with the loss of 10,000 dollars, which has caused the 'stops loss' to jump through the air.

In a way, many analysts had already talked about how we could see a movement like this, with bitcoin looking for $ 9,500 before starting a more sustained recovery. Those, extreme precautions should be taken in cases where the currency closes below $ 9,400.

Technically, the movement is compatible with a descending triangle formation that has been developing since the rises that began at the end of July and which are resolved, in this case downwards, with the loss of $ 9,400.

$ BTC

Not really worried unless price breaks and closes below $ 9400 again

This is the area to keep an eye on pic.twitter.com/dLRAht4DD4

Josh Rager 📈 (@Josh_Rager) September 19, 2019

There is no news that can justify this new bearish momentum, although on the contrary, The launch of Bakkt next week may provide a bullish momentum. The problem is that there is also no new money entering the markets and it is the same investors who recycle the same funds, according to analysts at dailybitcoinnews.com.

The dream of the first ETF in bitcoin is delayed

Nor has it been very good in the market that brboBZX, from Cboe Global Markets, has withdrawn its SEC proposal (the regulator of markets in the United States) to authorize a bitcoin investment fund (ETF), promoted by Van Eck and SolidX. This has happened just one month before the SEC itself was obliged to approve or reject this proposal. From the firm they assure that they continue working to be able to launch the first ETF called in bitcoin.

The SEC delayed in August its decision on the approval of the Bitcoin ETFs, extending until October 18 the period to consider whether the quotation rules could change, in order to allow the funds to begin trading. Before, in mid-May, he had delayed his decision on Van Eck's own vehicle and SolidX Adems, the regulator rejected an exchange request last yearor to include a Bitcoin ETF backed by Tyler and Cameron Winklevoss.

Count on an ETF in bitcoin is an old aspiration of supporters of the digital currency, aware that this will exponentially multiply the visibility of the currency and smooth the arrival of new investors, who will be much more convinced under this regulatory umbrella that protects quoted funds.

Every bitcoin experienced is early in the morning