Crypto markets are seeing a modest recovery today, June 24, with almost all top ten coins in the green, as data from CoinMarketCap shows.
Bitcoin (BTC), which dropped below the $6,000 mark June 24, is currently trading at $ 6,160 as of press time. The leading cryptocurrency has seen slight gains of 0.10 percent over the past 24-hour hours, but is down about 12 percent over the past two days.The coin took its sharpest hit early evening on June 24, falling from $6,510 to $6,122 within the space of two hours.
Tone Vays, who has generally forecast a significant fall in BTC/USD through 2018, posted a new analysis this weekend drawing a parallel between Bitcoin in Q2 this year and in late summer 2014:
Tone Vays ask these words :
It has been a long time since I've posted a $BTCUSD chart like this. Kind of miss it but it's really time consuming. My most optimistic Bearish #Bitcoin target remains at $4,975 first half of July. I will update my % expectation on future targets once it's hit.
In Vays’ opinion, Bitcoin will soon fall below $5,000, its lowest threshold since October 2017.As of press time, CoinMarketCap data indicates BTC trading volumes of 4.8 bln, up from their intra-weekly low of 3.8 bln on June 9.Top altcoin Ethereum (ETH) is also up slightly on the day, seeing almost 1 percent growth and trading at around $519 to press time. The coin only recently lost its ground at the psychological price point of $600, and is now testing a new round figure low of $500. Ethereum’s monthly losses are now at 26 percent.
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