Bitcoin Price Plunges Through Support; ETH, XRP & LTC Slide Similarly

Bitcoin Price Forecast:

比特币价格预测：

• Bitcoin slipped over 10% Tuesday afternoon, falling from $9,700 to $8,700 after key technical support was breached

  比特币滑过10％星期二下午，下降从$九七○○到$ 8,700后，关键技术支撑被攻破

• The move was the coins largest since July 16 when it dropped over 13%

  此举是硬币最大自七月16岁时就下跌超过13％

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• Not to be outdone, ETHUSD, XRPUSD and LTCUSD cratered alongside the more-popular BTCUSD

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Bitcoin Price Plunges Through Support, ETH, XRP and LTC Slide Similarly

比特币价格暴跌通过支持，ETH，XRP和LTC滑动类似地

Bitcoin prices cratered over 10% on Tuesday as an area of longstanding support around $9,545 was breached. The initial break was gradual but bears quickly took control and pressured prices comfortably beneath the area of technical support – resulting in the subsequent bloodbath. Falling from $9,300 to $8,600 in just 15 minutes, the afternoon price action was enough to put BTCUSD on pace for its worst daily performance since July 16 when the coin dropped more than 13%.

比特币价格多坑10％以上周二的长期支持的区域约为$ 9545是破坏。最初的突破是渐进的，但空头迅速采取控制和舒适施压的技术支持区域下方的价格 - 导致在随后的血洗。在15分钟内从$ 9,300名下降到$ 8,600，午后价格行动是足以让BTCUSD的步伐，为它的最大单日表现，因为7月16日，当硬币下跌超过13％。

Bitcoin Price Chart: Daily Time Frame (April – September) (Chart 1)

比特币价格走势：每日时间框架（4至9月）（图1）

Suffering a bearish break, the coin will now look for subsequent support in an attempt to stem further losses. An immediate level of note is the 200-day moving average which currently resides around $8,300. A break below this level could see losses accelerate as bearish momentum builds. If pierced, Fibonacci support around $7,100 may look to provide secondary support. BTC still enjoys a year-to-date return of 126% but Tuesdays breakdown is a worrisome development for cryptocurrency believers.

患看跌突破，硬币将现在看用于随后支撑以试图干进一步的损失。值得注意的一个直接的水平是当前所在围绕8300 $ 200日均线。低于这个水平突破可以看到亏损加速，因为看跌势头的基础之上。如果刺穿，大约$ 7,100个斐波那契支撑可看，提供二次支撑。 BTC仍然享有从年初至今回报为126％，但周二击穿是cryptocurrency信徒一个令人担忧的发展

Bitcoin Price Chart: 1 – Minute Time Frame (September 24) (Chart 2)

比特币价格走势：1 - 分钟的时间周期（9月24日） （图2）

To that end, Ethereum, XRP and Litecoin suffered similar losses as the cryptocurrency market endures another rout – akin to the crypto selloff in late August.While Bitcoin and the various altcoins – apart from XRPUSD - have enjoyed positive returns in the year-to-date, the recent string of losses will likely work to further undermine market sentiment and could bring about a continuation lower barring a fundamentally bullish development to shift the tide.

要为此，复仇，XRP和莱特币遭受类似的损失作为cryptocurrency市场等外另一个击溃 - 类似于8月下旬加密抛售。往往微不足道比特币和各种altcoins - 除了XRPUSD - 都享有在今年最新的正收益，近期的损失串都会很成功，进一步削弱市场人气，并可能带来的延续下禁止从根本上看涨的发展转向浪潮。

While the abrupt declines are undoubtedly concerning, the quick recovery effort from XRPUSD could suggest some factions of the crypto market believe the selloff is overdone – creating potential for a period of consolidation before continuing lower.

虽然急剧下滑无疑是关于从XRPUSD快速恢复工作可能暗示加密市场的一些派别认为抛售是过头了 - 继续降低前一段时间的盘整的创造潜力。