Source: tradingview.com @luke-ccc
The price of #Bitcoin falling with great force does not bode well. It looks like a raise down a barrier of around $ 4,200, made a big bust on the electronic currency market. More and more often, people who have been thinking so far, that bitcoin will grow in the near future, they make the decision to sell quickly. Is the price level of $ 3,500 a good moment for sale? Of course not. The level of anxiety and fear that can be felt on the market is huge. This will allow us to think that we are slowly coming to the bottom.
The level of $ 2,900, based on historical data, seems to be the last bastion of bulls, after which we can expect a slow price increase.
The level of $ 2,900, based on historical data, seems to be the last bastion of bulls, after which we can expect a slow price increase.
Drop of #Bitcoin on a weekly basis by almost 35 percent
Exactly a week ago, on Sunday, interested investors were forced to pay for the popular cryptocurrency around 5.5 thousand dollars. Currently, one bitcoin does not cost more than $ 3,600. According to Coindesk, a weekly decrease of almost 35 percent is the biggest bitcoin crisis in 2018.
Market capitalization of cryptocurrency from $ 570 billion fell to $ 120 billion
The capitalization of the electronic currencies market, for the moment, certainly does not survive its light times. Currently, it is about 120 billion dollars. For comparison, not so long ago, because a year ago, the market capitalization was valued at 570 billion dollars and bitcoin itself, could boast about $ 323 billion.
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This post has received a 24.42 % upvote from @boomerang.
I think it is better to just invest in bitcoin and not worry about any drop of it, since it will go up again someday.
At least that is what i believe.
Btw, thank to post this nice information :)
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