Bitcoin slumps to $3200, can BTC still hold strong till the End of December?

2018-12-15 17:57

The bears may have hit Bitcoin a little harder this time around. And with the current structure of the cryptocurrency market, it seems the grip might be just as strong as it was when the events of the Bitcoin Cash hash war began.

Apparently, the bears are doing their best to prove skeptical traders who are starting to believe “2018 may not have been Bitcoin’s year after all” right, especially with the newest all-time low of $3206.54, but that was yesterday. As of this writing, using data from coinmarketcap, 1BTC is now worth $3218.76.

The current BTC trading price is not seated too far away from where it was yesterday, and this will certainly steer the cryptocurrency trading community to a direction of fear, uncertainty, and doubt (FUD). Bitcoin’s newest all-time low of $3206.54 was largely a result of the BTC’s inability to maintain its yesterday’s trading price of $4.37 billion, which lead to a closing price of $3242.48.

At the moment of this writing, Bitcoin has lost as much as 3%, although an increase in trading volume can boost the price, Bitmex traders whose BTC/USD trading pairs have grossed a total of $1.37 billion, while increasing trading volume by 23.27% may not be able to keep up for the next 24hrs.

Continuation in this pace will lead to a break out in trading price that will leave the coin hanging below the $3000 level, this will simultaneously birth a new yearly all-time low and likely lead novice traders to boycott the big bull until it surpasses these troubled waters.

Interestingly, some analysts have remained firm on their closing price prediction and seem to not be affected by the increased rate at which the Bitcoin price is declining. While the likes of CNBC’s Ran NeuNer have withdrawn their price prediction, Tom Lee of Fundstrat Global who had predicted a roundup of $25,000 has now slashed that price by $10,000.

It will take more than four times of what 1 BTC is worth to hit that amount and Lee believes that Bitcoin might be able to pull it off and hit $15,000 before the year runs out.

The post Bitcoin slumps to $3200, can BTC still hold strong till the End of December? appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 70054.19 (+1.76%)
Объем 24H $42.182b
Изменеия 24h: 2.45 %, 7d: -2.64 %
Cегодня L: $66916.68 - H: $70054.19
Капитализация $1383.593b Rank 1
Цена в час новости $ 3217.7 (2077.15%)

bitcoin bears 3200 slumps december still hold

Источник: zycrypto.com

bitcoin bears → Результатов: 126


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

First UK pension fund invests 3% of assets to Bitcoin

This move may accelerate institutional crypto adoption, influencing global investment strategies and potentially reshaping traditional portfolios. The post First UK pension fund invests 3% of assets to Bitcoin appeared first on Crypto Briefing.

ZachXBT exposes ‘Zopp0’s’ crypto scams with influencer support in market manipulation

In new findings by blockchain analyst ZachXBT, the crypto community faces a new wave of market manipulation schemes allegedly orchestrated by a figure named “Zopp0.” The report reveals how Zopp0, behind projects like SCALE, NTD, TPU, and OPSEC, exploited the influence of high-profile social media personalities to promote unverified projects, masking the lack of technical […]