Bitcoin exchange rate: the Current drop will make bitcoin stronger
Stock Markets Group – the bitcoin exchange Rate continues its gradual decline under the prolonged global trend continued for more than 50 days.
The price of Bitcoin at the time of writing, losing 0.02% and is near the mark of 3,394 USD.
Investors are reluctant to support the cryptocurrency, but many believe that after this negative “stability,” the prospects for growth in BTC remain high.
Most of the cryptocurrency in the top ten, however, be strengthened. So the Bitcoin exchange rate Cash adds 1.02% is at the level of 115.8 dollars, the price of Ripple is strengthened by 0.24% and reached the level of 0.289 dollars, the cost of Ethereum grows 0.47% been strengthened and the 105 dollars, and the Bitcoin exchange rate Gold strengthened the position of 0.85 percent and for one coin on offer cryptomeria 9.41 dollar.
Total market capitalization of crypto-currencies today is 102 279 billion.
Chart bitcoin/dollar has not changed in recent days, and continues to show the price drop to a new support level 3 $ 200.
According to analysts, the majority of players are guided at this level to start buying, so now it is too early to expect bursts of positivity.
In the case of breaking this level, the market will accelerate the fall and will go to $3 000.
The first attempts of growth of Bitcoin prices will meet resistance at $ 4,000, then buyers will attempt to storm level 4 $ 700 per coin.
The rate of bitcoin will soon experience a surge of positive
This is stated in the article Nicholas Panigirtzoglou, strategist at global markets from JPMorgan published by CNBC.
“The cryptocurrency market is a new market that has passed the phase of the bubble. The stability of bitcoin, which is observed today, creates conditions for more active participation of institutional investors in the future”
He also believes that companies will become more focused on cryptocurrencies, focusing on the blockchain technology, but it will be in a few years, as regulators are still in discussion and the rules of kriptologii.
However, if you look at wall Street, due to the prolonged bearish trend, many institutional investors have postponed plans for the future as frightened long decline in the exchange rate of bitcoin.
Earlier, Goldman Sachs, Morgan Stanley and Sitigroup suspended projects related to cryptocurrencies.
In turn, the CEO of Twitter, Jack Dorsey believes that bitcoin is “a global brand”, which is why he has a great future be a single world currency:
“In the end, the world will have one currency for calculations and the same will be for the Internet. I believe that it will be bitcoin”
However, many experts think that approval Dorsey due to the fact that he is the owner of a certain number of bitcoins.
In the current situation, as we have mentioned earlier, you need to be patient, and wait until most popular cryptocurrency will complete the global decline.
Market analyst cryptocurrency
Stock Markets Group™