Bitcoin exchange rate: the Experts recommend not to rush to buy cryptocurrency
Stock Markets Group – bitcoin exchange Rate today reminded investors that the global downtrend remains in force and at any moment can begin with a Bang.
So the price of Bitcoin at the moment continues to decline after yesterday’s losses at the level of 3.5%, was fixed at the level of $ 3566.
Investors disappointed with the transfer hard forks Ethereum for the month of February, and in the last 24 hours, many market participants have closed the deal.
Most altcoins top ten also show weakness.
So, Bitcoin Cash is losing 0.49% and is near the mark 121.81 dollar, the price of Ripple weakened by 0.38% and reached the level 0.3189 dollars, the cost of Ethereum dropped to 1.16% in district 117 dollars, and the Bitcoin exchange rate Gold lost 0.81% and for one coin on offer cryptomeria 11.17 USD.
Total market capitalization of crypto currency is decreasing and reached the level of 108 931 billion.
Chart bitcoin/dollar has not changed significantly. Despite recent attempts by the bears to bring the situation under control, the dollar index continues to move in a narrow range 3500-3700 dollars per coin.
The situation in the market develops ambiguous. On the one hand, many participants of the stock market tired of the long “drift” of bitcoin and unprincipled trading.
On the other, high risk to get under the next wave, the strong reduction does not allow large players to fully return to shopping after the holidays.
We expect that in the coming days, the bitcoin price will fall to the key level of $ 3,200, then you can expect a full rebound of BTC up.
The rate of bitcoin will face hard times in 2019
This was told in an interview with Bloomberg TV, the co-founder of the platform Augur and a member of the Board of Directors for investment Pantera Capital Joey Circle.
He noted that “swirling currents” will haunt bitcoin and other cryptocurrencies throughout the year 2109.
The current year will not bring the price of the most popular cryptocurrency growth. The circle also sure that the majority of digital assets are undervalued and this is the main “trend” in the future.
Commenting on the prospects of Bitcoin and other cryptocurrencies, he said that currently the market will pay special attention to the involvement of new participants, moving forward through new developments and added that in General he is optimistic.
Another venture investor Fred Wilson, believes that the rate of bitcoin has not reached its bottom, and more than half of 2019 will spend it.
Despite this, the expert makes a prediction on the growth of the crypto industry and the development of the technology, where is the promised changes by the developers of bitcoin in 2017 should be implemented in the current.
Recall also that a recent study by Credit Karma showed that the loss of American investors in 2018 on the stock market amounted to about $ 1.7 billion. Thus the unrealized losses among those surveyed in November of the respondents amounted to $5.7 billion.
Market analyst cryptocurrency
Stock Markets Group™