Unexpectedly, the DPRK was the reason for the drop in the value of Bitcoin. Yesterday, it became known that North Korean hackers allegedly broke several cryptocurrency exchanges in South Korea and stole almost 4 thousand bitcoins. The situation is worsened by the fact that all developers and creators of cryptocurrency assert that the blockchain system excludes this possibility. Nevertheless, there have been no denials or explanations from the creators of Bitcoin. It is possible that this is a release. But it is also possible that all the warnings of a number of central banks are completely justified. The point is that cryptocurrencies are not protected from fraud and deception, as well as from their use for laundering of criminal proceeds. And while there is no explanation from the creators of Bitcoin, the growth potential is under big question.
Technical picture
Because of the unexpected situations, the bitcoin could not be kept. The quotation fell again within the psychological level of 4000. It is possible to assume that panic with theft is not so great and it is too early to speak about large movements. Perhaps at the current moment we will see a congestion of 3900/4100, where the "bulls" will try to assess the situation, gradually returning to the market.
Trading recommendations
Traders at the current moment may be delayed with the opening of trade transactions and increasing volumes. They will wait until a clear stop happens in the form of stagnation. After fixing the price above 4100, it is possible to consider further long positions.