Bitcoin price collapsed along with hasraton. The bottom is near?
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For the First time this year Bitcoin fell below $ 5,000. The rapid fall of the main cryptocurrency is very much reflected in the stock market — its market capitalization fell to $ 145 billion. A new drain has caused a wave of depression among investors. Some experts believe that the recovery time can take months.
Falling prices also strongly influenced the miners, as evidenced by the sharp decline Hasrat Bitcoin. Most likely, this chain reaction will lead to the formation of another bottom before the end of this year.
theLatest news
According to the analyst, Mati Greenspan eToro, Hasrat Bitcoin drop below 43 aksaka (which has already happened) will lead to the market situation. In the medium term, the cryptocurrency is likely to become cheaper up to $ 3,000.
image Source — NewsBTC
According to experts NewsBTC, correction of 2018 is still not to be compared with what it was in 2014. Now the crypt is more known to the world, and around it there is already a Foundation of necessary infrastructure. The following bullrun have to bring huge profits, today's investors.
theTechnical analysis
Scale 1-weekly chart of Bitcoin drain is the result of the breakout of the triangle that has formed here for several months. The price crossed the support line of the figure that became a good signal for short.
image Source — NewsBTC
This week we can expect further decline of the asset, as it came down even below the support zone of $ 4,500.
On 1-day chart next to which there were no lines where you would expect a rebound. If you missed the biggest part of the price movement from $ 5800, we loved to watch the market. In the absence of a rebound in the next few days it is possible to short Bitcoin.
image Source — NewsBTC
However, if a rebound does occur, it is unlikely he will extend above 5800 dollars. To share their thoughts about the future of Bitcoin in our .
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