Bitcoins may crash below $ 2,000 at the end of December
Last week the bitcoin exchange rate was reduced by 8.5%, reaching an annual low of $3121. According to CoinMarketCap, the total cryptocurrency market capitalization decreased to $100.5 billion, the capitalization of bitcoin to $44,8 billion.
Another drop in first and leading in the market of digital coins started from Monday (10 December). On Wednesday (December 12) buyers tried to develop correctional movement with $3281. This attempt was not successful. Those who opened a long position above $3333, closed them when the price falls below it. Against the closure of long positions bitcoin fell $200. After three updates a year low pressure on bitcoin has decreased.
On Sunday, the buyers used a bullish signals on the time period, raising the rate to $3260. I think the strengthening of bitcoins contributed to the rally in altonah: BSV, LTC, EOS, Dash, Neo, Miota, DGP. The coins showed an increase of more than 5%. That situation started to change in the direction of buyers, the price needs to settle above $3300.
Monday, December 17, at 16:43 GMT bitcoin is trading at $3510. The overall technical picture indicates the willingness of sellers in the coming days to test the strong support area of $2800-3000. If it will not stand, you will not even notice how at the end of December 2018 bitcoin would cost $1800-2000. During his weakening demand from buyers is growing. It is very well seen on the chart, where the volumes are distributed in clusters.