17.09.201807:24 Forex Analysis & Reviews: Bitcoin analysis for 17/09/2018

Startup for cryptographic payments Circle conducted a survey this week with more than 3,000 people, who showed that the majority of Millenials are considered "aggressive" investors. Members of other demographic groups, including Generation X and Baby Boomers, also took part in the survey. The platform used Survey Monkey to collect results, but only published responses from users who said they were aggressive investors.

It is worth noting that the results showed that almost twice as many men invest in cryptocurrencies compared to women. 42 percent of the male Millennials, 34 percent of men from generation X and 16 percent of men from the Baby Boomers generation declared an interest in cryptocurrencies, compared to 27 percent of women from generation Y, 19 percent of women from generation X and 9 percent of women who belong to Baby Boomers.

Let's now take a look at the Bitcoin technical picture at the H4 time frame. The market was testing the technical resistance at the level of $6,521 and made a marginal high at the level of $6,548, but then returned to the consolidation area. Currently, the price is still trading above the black trend line, but any breakout lower will be considered bearish. The nearest support is seen at the level of $6,416 and then at $6,365. In a case of a breakout lower, the key support is seen at the level of $6,216.