Ren Neener: Bitcoin hasn't found its bottom

Date:

2018-06-13 21:30:05

Views:

185

Rating:

1Like 0Dislike

Share:

Ren Neener: Bitcoin hasn't found its bottom

The Founder OnChain Capital Ren Neiner predicts another decline of Bitcoin, reports . Neiner sure what to expect sharp price reversal crypts in the near future is not worth it.

the

the Fall of Bitcoin will continue

Bitcoin is below $ 7,000 on Sunday. Now the main cryptocurrency is trading at $ 6500. Recall, this is the lowest price of digital asset over the past two months. In an interview with CNBC Neiner called a few key levels which should be observed by all traders.

Our next goal is 6250 dollars. If Bitcoin falls below $ 5900. But the reduction to $ 5,000 we will be able to see a considerable stir among the big miners. It is possible that the industry of mining coins can change due to the hard conditions of profitability of the business.

Neuner also reminded that the cryptocurrency market is still in the very beginning of his career. And although now to break the protracted bearish trend is very difficult to invest in the crypt are worth if you rely on a good profit in the long term.

Imagine if you use the Internet before the invention of the traditional browsers. People are still worried about the pair of hacked exchanges. That is a necessity in the industry with a market capitalization of $ 300 billion.

But the day trader it is better to try our luck in other assets. Now Bitcoin is not very attractive for short term trading due to the large number on the market.

Recommended

Acne Buterin: cryptocurrency and Fiat do not compete with each other

Acne Buterin: cryptocurrency and Fiat do not compete with each other

As cryptocurrencies become more widespread, there have been suggestions that over time they will darken Fiat currency from Central banks. However, according to Vitalik Buterin, the current relationship between cryptocurrency and Fiat is coexistence, ...

. Canceled: Bakkt postpones the launch of Bitcoin futures

. Canceled: Bakkt postpones the launch of Bitcoin futures

the Current state of the cryptocurrency market makes sad the most persistent. Today, the total capitalization drop below $ 150 billion, and the exchange rate of Bitcoin fell to $ 4380. In a red hue painted the entire top CoinMarketCap, and absolute a...

John McAfee: do not panic in a bear market

John McAfee: do not panic in a bear market

Panic is for the weak. Even fully impaired portfolio with aldaine is not a reason for discouragement. So says John McAfee, known for his bullish about the price of Bitcoin. As he said on Twitter, the last plums of the stock market was another «k...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

Bitcoin has fallen, what happens next? Review of Professor

Bitcoin has fallen, what happens next? Review of Professor

Sunday, Bitcoins suddenly rushed down. The price has fallen from $ 7623, and now for the coin offer about 6500 dollars. Market capitalization fell to $ 111 billion, but the share of the first coins has grown. Now it exceeds 40 per...

Japanese police filed a case because of the use of the script Coinhive for covert mining Monero

Japanese police filed a case because of the use of the script Coinhive for covert mining Monero

In February a few major media about cryptocurrencies "the largest attack Monero stealth miner", created on the basis of the script Coinhive. Hackers penetrated a few thousand resources, but are mined only $ 24. Now, the Japanese...

Althin vs token: what's the difference?

Althin vs token: what's the difference?

to Understand the principle of cryptocurrency difficult. Particularly difficult features of the work of the blockchains of different coins. Even in the simple story of the crypt will be a lot of technical terms that are unlikely t...