Bitcoin (BTC) has broken below $4,000 and could test short-term barriers of $3,400, traders are predicting.
After hitting all-time highs approaching $4,500 earlier last week, a correction has seen the Bitcoin price dip below the significant $4,000 level.
The move was broadly anticipated given the speed the virtual currency grew by 50 percent from $3,000, opportunists keenly eyeing a chance to buy coins at what they consider the next ‘dip.’
It is to be expected. There was a speculation bubble and the Bitcoin Cash fork was an important event that led to a fall on Bitcoin Core. We should be expecting another Bitcoin fork when SegWit2x is officially released. Who knows what the price of Bitcoin will be by then.
Well stated! I have followed you!
At time of this reply bitcoin went up again to 4102 looool, no one knows whats going on.Time to sell if you bought some at 1800s. Wonder how dash and monero are doing they got affected by the bitcoin fork too.
Monereo has pretty much doubled since on a South Korean exchange recently. Fascinating times for Crypto!