Category Archives: Bitcoin
Bitcoin More Likely to Hit $10K in 2020 than Dip to $5K – Bitcoinist
Bitcoin is still in a consolidating bull market, shows the 2020 prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence.
The behavior of BTC has been erratic in the last months of 2019, leading to even more erratic predictions for the next year. But the overall bullish trend is still valid in the long-term, McGlone commented on social media. And prices may be closer to $10,000 than to a low of $5,000.
The behavior of bitcoin will mature in its second decade, but there are enough bullish attitudes to push up the coin. The price of $10,000 is not that unusual for bitcoin, and the coin has achieved periods of significant stability.
Yet the $10,000 price range is somewhat underwhelming, as bitcoin also set expectations for repeating its all-time high, or possibly making more significant yearly highs. More bullish predictions see bitcoin attempt to recover $20,000, although it is uncertain if 2020 would be the year this happens.
After the slide in the last quarter of 2019, bitcoin predictions became more cautious. But BTC showed it can stem the slide, and achieved the most recent low above $6,500. Yet there are still expectations for further price weakness and a bottom for prices in early 2020.
Still, bitcoin heads for the end of 2020 with gains close to 100%, despite the setbacks. BTC recovered to $7,187.06, re-establishing some of its stability levels. The coin showed its capability of bouncing back, with enough traders and whales to reverse the most recent slide.
In 2020, it is expected miners may also continue to make investments, phasing out mining rigs for new models. However, the halving of the block reward remains an event that can either cause a price rally, or great damage.
But after the bear market of 2018, BTC showed that yearly growth is possible, even if slower in comparison to previous boom years.
BTC moves into 2020 with multiple tools to a self-fulfilling prophecy about prices. Spot markets give ways to predictive markets, making it impossible to sway the price in the way the early years boosted positions through bot trading and concerted orders.
While bitcoin could possibly preserve its high prices, there are also opinions that new all-time highs may arrive years into the future, as 2020 would be too early for significant price moves.
What do you think about the BTC price prediction for 2020? Share your thoughts in the comments section below!
Images via Shutterstock, Twitter @BitcoinILYA @mikemcglone11
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Bitcoin More Likely to Hit $10K in 2020 than Dip to $5K - Bitcoinist
Bitcoin Suddenly Dives Below $7,000 As Crypto Markets Lose …
Bitcoin and cryptocurrency markets have been suddenly sold off, with the bitcoin price losing around $200 per bitcoin in minutes and dipping under the psychological $7,000 mark once againcontinuing a period of relative volatility for digital tokens.
Bitcoin-rivals ethereum, Ripple's XRP, bitcoin cash, litecoin, EOS and binance coin were also heavily sold off, wiping billions of dollars from the combined cryptocurrency market capitalization.
[Update: 9:10am EST 12/17/2019] Bitcoin, which yesterday dropped by 3.5%, has moved lower again, dropping over 5% since this time yesterday and trading as low as $6,708 per bitcoin on the Luxembourg-based Bitstamp exchange after briefly recovering ground overnight. Altcoins ethereum, Ripple's XRP, bitcoin cash, litecoin, EOS and binance coin were last seen down between 7% and 11% and look to be heading lower.
The bitcoin price has been swinging wildly over recent months as traders and investors try to guess ... [+] how regulators will treat the bitcoin and crypto industry in 2020.
The cause of the sudden sell-off was not immediately clear, however, analysts have noted a drop in crypto market trading volume recently.
"All is quiet on the crypto front. Perhaps, a little too quiet," Mati Greenspan, the founder of bitcoin and crypto research outlet Quantum Economics wrote in a note ahead of the bitcoin sell-off today, adding the dominance of the world's biggest stablecoin, tether, "seems to be waning."
Bitcoin was earlier trading at $6,880, down by 3.5% over the last 24-hour trading period, according to prices from U.S.-based crypto exchange Coinbase, with ethereum, Ripple's XRP, litecoin, and bitcoin cash all off by between 5% and 8%.
EOS, a dectralized app token similar to ethereum, led the bitcoin and crypto market lower.
Earlier this year, bitcoin and cryptocurrency price watchers warned that "dismal" bitcoin volumes could mean the market was headed for a perfect storm.
In periods of low trading volume, crypto prices are more vulnerable to so-called whales moving the market by placing massive buy or sell orders at a little above or below current market rates. These can trigger trading algorithms that then send prices sharply higher or lower and can be a sign of market manipulation.
Meanwhile, research out earlier today suggested the bitcoin price might struggle over the short term due to the $2 billion PlusToken scandalone of the biggest ever cryptocurrency scams.
The bitcoin price hasn't fallen below $7,000 since the end of November and its sudden fall knocked ... [+] the wider crypto market, with major tokens ethereum, litecoin, bitcoin cash and Ripple's XRP falling sharply.
"Thats certainly something to consider when you are thinking about where the price is going, at least in the short term, Kim Grauer, senior economist at blockchain analysis company Chainalysis told financial newswire Bloomberg. "It could be, according to our research, continued downward pressure."
PlusToken scammers are thought to have sold some 25,000 bitcoin, according to Chainalysis data, with a further 20,000 still to be dumped back onto the market.
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Bitcoin Suddenly Dives Below $7,000 As Crypto Markets Lose ...
Will 2020 Be The Year Of Enterprise Bitcoin? – Forbes
BITCOIN sign on a bank
Bitcoin is the most popular digital asset in the institutional trading world as it has the best trading options available, both spot and derivatives, proven track record with the longest history and availability of data. This made some of the largest financial services institutions highly interested and in 2019 we saw the birth of several bitcoin products like Bakkts physically delivered bitcoin futures, Fidelity Digital Assets bitcoin custody solution and TD Ameritrades trading offerings.
But is it also the case for the large enterprises looking at blockchain as technology and wanting to innovate using easier payments over fast and secure transaction networks and processes built around smart contracts? Can they use the bitcoin blockchain as a foundation and place their middleware stack and end-user decentralized Web 3 and decentralized finance (DeFi) applications on top?
So far the majority of enterprise-focused blockchain development has been done on permissioned and private blockchain protocols like Hyperledger Fabric and R3s Corda. This is mostly due to the fact that they offer sufficient privacy, scalability and transaction finality guarantees. Compared to them, development on top of the bitcoin blockchain was not seriously considered until recently when in May, Microsoft announced their permissionless, Decentralized Identifier (DID) network called ION running exclusively on top of the bitcoin blockchain. That triggered a shift in the sentiment that developers and enterprises should also consider bitcoin as a potential layer for enterprise blockchain development. For example, companies like Bitfury are already making significant progress with enterprise-tailored blockchain offerings like blockchain as a service (BaaS) using bitcoin as a base layer.
Lets review how bitcoin stacks up as an enterprise-ready development platform. According to a recent Ernst & Young study among decision makers across the U.S., Europe and Asia, the major reasons to consider blockchain in general are:
Preservation of data integrity In this area bitcoin is the absolute winner as the most trusted and secure public blockchain. The bitcoin blockchain is currently secured by 97 quintillion hashes per second, or EH/s. Data integrity is priority number one for the maintainers of the bitcoin blockchain and they are very restrictive about any new feature that can introduce security bugs and potentially compromise the integrity of the protocol. The accuracy and consistency of the data can be easily observed and analyzed by simple blockchain explorers as well as by using surveillance tools like Elliptic, Elementus and Chainalysis.
Bitcoin hashrate
Ability to build new revenue/business models Bitcoin currently has a $128 billion liquid market cap so building new models on top of it can unlock new significant revenue channels. Furthermore, the increased adoption of Layer 2 technology like the Lightning Network, which operate via channels and enable cheap and fast payments, will enable new business processes and ways to revenue.
Increased operational efficiency Since 2010, when certain opcodes were taken out of the core protocol, smart contracts were considered taboo in bitcoin. Lately, with the development of Blockstreams Liquid and the new RSK framework, Schnorr signatures and Taproot will make smart contractslike executions possible via sidechains.
RSK stack
Reduced costs The existence of the Lightning Network as a Layer 2 protocol on top of the bitcoin blockchain already enables cheap, private and instant transactions and payments. Of course, there are certain limitations as of now but they can be manually changed or improved in future iterations of the network.
Increased transparency This is natively supported and enforced in the bitcoin blockchain, contrary to other public protocols that incorporated privacy features like MimbleWimble, Confidential transactions, STARKs and ZK-snarks. The bitcoin core developers stayed away from such features as they can make bitcoins monetary supply of 21 million difficult to audit and verify.
Development on top of the bitcoin blockchain might be one of the major catalysts in the upcoming year. In contrast to the rest of the public chains, bitcoin is having the first-mover advantage and doesnt suffer from the same growing-pain issues as Ethereum and EOS. Overall, the security concerns most enterprise CIOs and CTOs will have with public chains are mitigated in the Layer 2/Sidechains areas. Moreover, one of the main blockchain concerns, the interoperability between networks and especially between bitcoin and others, can be explored via several ways: Keeps tBTC or an Interledger Protocol (ILP) bridge.
Bitcoin has many strong characteristics as it is the most stable and sufficiently decentralized public blockchain now. There are many teams working on a wide range of products and services on top of it, from Layer 2 to privacy, sidechains and smart contracts.
Innovations in bitcoin
Of course, a lot more will be required from bitcoin for it to become the dominant enterprise development stack. We still need to see a greater availability of development tools and IDE environments; Lightning Network should mature as a viable scaling solution and increase its adoption and usability. Soon, we will see if bitcoin can be a base layer for DeFi and match the growth Ethereum and EOS have seen. The timing cannot be better as the uncertainty around the other public chains is growing and we might see the decline of Ethereum as the dominant Web 3 platform. Regardless if that move is welcomed by the die-hard libertarians on the bitcoin platform, the companies that are building and investing on the protocol are open for enterprise customers and eventually, bitcoin will prove to its critics that its not only used for illegal activities and speculative trading.
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Will 2020 Be The Year Of Enterprise Bitcoin? - Forbes
Bitcoin Peaked 2 Years Ago. New Competition Is on the Way. – Barron’s
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Two years ago today, Bitcoin hit its highest price ever, reaching $19,783. It was the culmination of an incredible year for the digital currency, which had started 2017 at about $1,000. Since hitting its peak, however, Bitcoin has fluctuated wildly. It fell 73% in 2018 and has risen 85% this yearbut has not come close to retesting its previous highs. On Tuesday, it was trading near $6,500.
An investor who bought at the start of 2017 would still be up more than 500%, dwarfing the S&P 500s 43% gain over that period. People who held Bitcoin for the entire period clearly did well, though one adviser found that Bitcoin has been a much trickier trade over shorter time spans during this period. Dan Wiener, chairman of Adviser Investments and founder of the Independent Adviser for Vanguard Investors, analyzed Bitcoins price movements since the start of 2017 and found that the average five-day rolling return for Bitcoin was 1.5%. The range of five-day gains and losses, however, was enormous, with a high of 47% and a low of negative 29%. By my calculations investors lost money 45% of the time when they held Bitcoin for 10 days, he wrote in an email on Monday. Wiener is clearly not a fan, writing that Bitcoin is for traders disconnected from the real moneymaking potential of stocks.
Beyond the price action, what has changed for Bitcoin in the past two years? On the one hand, its more widely embraced by institutions than ever, with NYSE-owner Intercontinental Exchange (ICE) offering Bitcoin futures and custody services and Fidelity also servicing institutional investors. But its market cap remains too small to attract the big moneythe worlds top banks remain on the sidelines, and many of the retail investors who had bought in near the top have stayed away.
The biggest change in the past two years is arguably that Bitcoins competition has changed. Two years ago, the cryptocurrency market was awash in initial coin offerings (ICOs) that launched new digital currencies that promised to decentralize various industries, from social media to cloud computing. Investors expected one or more of those coins to break out to challenge Bitcoins dominance. But none of them have taken off since. Bitcoin still accounts for 67% of the market value of cryptocurrencies, according to Coinmarketcap.com.
Bitcoins real competition now comes from two areascorporations like Facebook looking to use the blockchain technology that undergirds Bitcoin to create their own currencies, and governments that want to create digital coins backed by their own treasuries. The question now is: Will the most important digital currencies be decentralized like Bitcoin, corporate-backed like Facebooks Libra, or government-controlled, like Chinas cryptocurrency plans?
The Libra project has run into regulatory issues, but could still launch as soon as next year, perhaps in a less robust form than the company first expected. As far as national currencies, China has been working on a digital currency project since 2014 and has reportedly accelerated those efforts this year.
China is going to have tokenized digital cryptocurrency in the next six months or 18 months or 24 months, said Mike Novogratz, CEO of Galaxy Digital Holdings, in an interview last month with Barrons. Thats the second biggest economy in the world. We are going to be dragged into the digital and tokenized world kicking or screaming.
Write to Avi Salzman at avi.salzman@barrons.com
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Bitcoin Peaked 2 Years Ago. New Competition Is on the Way. - Barron's
Bitcoin Just Dropped Below $6,500: Why Its Risking a Big Fall to $5,000 – newsBTC
Bitcoin risks plunging to its eight-month low after closing below a crucial support level earlier last week and dropping to the $6,400s.
The benchmark cryptocurrency invalidated its 50-weekly moving average support for the first time since May 2018. The historical level confirmed bitcoins long-term bullish bias in periods when the price was trending above it.
Conversely, it alarmed traders about imminent bearish corrections when the price slipped below it.
The role of 50-period MA in bitcoins recent price behaviors | Source: TradingView.com, Coinbase
The last time bitcoin closed below the 50-weekly MA had resulted in a price drop of approx 61.39 percent. On the other hand, when the cryptocurrency broke above the MA, it rallied by as much as 161.79 percent to the upside (data from Coinbase).
With bitcoin dropping below the 50-weekly MA, the sentiment for an extended downside move is increasing in the long-term.
The latest breakdown has brought the cryptocurrencys 200-weekly moving average in view as the next potential downside target. It is largely because of the levels historical significance while capping bitcoins wild bearish move from flourishing in December 2018.
The 200-weekly MA assisted the cryptocurrency in bottoming out near $3,120 last year. After that, its price surged by as much as 343.24 percent towards a $13,868.44 top. So it appears, the MA could again behave as support to bitcoins ongoing downside attempts.
The next potential bottom for bitcoin | Source: TradingView.com, Coinbase
As of the time of this writing, the 200-weekly MA sits near $5,026.38.
The weekly Relative Strength Index (RSI), which evaluates bitcoins overbought or oversold conditions based on certain numerical readings, appears in line with the possibility of an extended breakdown.
The current RSI reading is 40, which shows bitcoin is only ten points away from becoming an oversold asset. The journey from 40 to 30 coincides with the cryptocurrencys move from the current price to that of the 200-weekly MA.
The weekly RSI readings also hint a potential bottom formation | Source: TradingView.com
The RSI downtrend also indicates a potential reversal near 30 based on historical behaviors. That further validates 200-weekly MA as the level that could serve as bottom to bitcoins current downtrend.
[Disclaimer:Cryptocurrency trading involves ample risk of loss and is not suitable for every investor. All trading strategies are used at your own risk.]
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Bitcoin Just Dropped Below $6,500: Why Its Risking a Big Fall to $5,000 - newsBTC
4 Reasons Why Bitcoin Is Now Retesting November Lows $6.4K Next? – Cointelegraph
On Monday Bitcoin price (BTC) abruptly fell below the $7,040 support and dropped to $6,800. As recent as Nov. 22 and Nov. 27, $6,800 served as support so a number of traders had already identified the price as the point where Bitcoin would land if the price pulled back.
Cryptocurrency market daily overview. Source: Coin360
At the time of writing Bitcoin is struggling to hold $6,600 and if the current level fails to hold, traders will look for the price to follow the familiar pattern of dropping to the long-term descending channel trendline support at $6,400. Lets take a look at several technical reasons why BTC/USD is now eyeing a new 7-month low.
As mentioned by Cointelegraph analyst Keith Wareing, BTC is resoundingly bearish on multiple time frames.
Moreover, yesterdays downside move produced a bear cross on the monthly moving average convergence divergence (MACD) for the first time since June when the signal line crossed above the MACD line.
The monthly MACD histogram also flipped negative, suggesting that further downside could be in store for Bitcoin.
BTC USD MACD monthly chart. Source: TradingView
Another disconcerting sign on the daily time frame is a bearish cross between the 100-day and 200-day moving average, something which according to the chart below does not happen often.
BTC USD daily chart. Source: TradingView
The daily timeframe also shows that the relative strength index (RSI) has dipped into oversold territory and the lack of follow-through from traders buying into the dip means a strong oversold bounce has yet to occur.
The last time Bitcoin price dipped to $6,522, the RSI dropped to 22 so if the sell-off resumes, the RSI could easily drop to this level again.
BTC USD daily chart. Source: TradingView
A revisit to the descending channel lower support at $6,400 is not exactly disastrous for Bitcoin price. Traders who analyze the weekly timeframe will remember that Bitcoin traded in the $6K region for nearly 8 months prior to the November 2018 drop to $3,100.
Furthermore, seasoned traders will recall that every Tom, Dick and Harry had called $6K the bottom prior to the Bitcoin Cash (BCH) hard fork debacle in November 2018, which may have been one of the reasons for the unexpected drop to $3K.
BTC USD weekly chart. Source: TradingView
As shown by the volume profile visible range (VPVR) on the weekly timeframe, Bitcoin has support to about $6,300 then below $6,200 the price could swiftly drop to $5,350 where support was built on Bitcoins parabolic move from $3,120 in February.
BTC USD weekly RSI chart. Source: TradingView
The RSI on the weekly timeframe is at 39.6 and slowly creeping toward oversold territory.The last time the weekly RSI was oversold was on Dec. 10 when the price was $3,160 and Jan. 21 at $3,425.
While the analysis is not calling for a drop to $5,300 or $4,100, Bitcoins price action on multiple time frames suggests further downside so its crucial to be realistic and honest, rather than driven by emotion and hope.
On the bright side, theres always the possibility that the price could form a double bottom at $6,520, a point that was seen on Nov. 25 and May 17, 2019.
Ultimately, Bitcoin price needs to hold the pink highlighted zone between $6,700 and $6,300 to avoid a drop back toward the May through April lows in the $4,900 to $5,500 region.
In the meantime, traders should keep an eye out for a possible double bottom around $6,530 and given that the daily and weekly RSI and Stoch are oversold, aggressive traders might look to play an oversold bounce, which seems ripe to take place as Bitcoin comes closer to falling below the long-term descending channel support at $6,400.
Cautious traders can observe to see how traders and price react to this oversold bounce (if it even happens), and they can also watch to see if the daily RSI becomes deeply oversold to form a double bottom at 22.
A relatively risk-free trade might involve playing a bounce at $6,500 to $6,400 with a stop loss placed closely below the entry. If this tactic proves fruitless, then the next option might be setting up a low leveraged long at $5,300 or at least looking to play a deeply oversold bounce at this price.
The views and opinions expressed here are solely those of the author (@HorusHughes) and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.
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4 Reasons Why Bitcoin Is Now Retesting November Lows $6.4K Next? - Cointelegraph
This Bitcoin Metric Could Trigger the Next BTC Bull Run – Bitcoinist
There are a number of varying metrics that Bitcoin analysts use to predict future price movements of the asset. One rarely used oscillator takes BTC energy value into account and it is flashing bullish at the moment.
Okay, so this metric may not be as popular as other recently used ones such as NVT ratios or unadjusted transaction values, but it is still worth a glance.
The oscillator takes into account the bitcoin price as a percentage of its energy value. It works on the premise that raw Joules alone can be used to estimate a fair value for BTC.
Digital asset manager Charles Edwards has delved deeper into this little known metric and noted some major similarities with previous bitcoin market patterns.
2019 looks VERY similar to the starting characteristics of prior bull runs.
The chart shows a clear pattern when the values have oscillated between 50% and -50% just before the previous two major bitcoin bull runs.
An in-depth analysis of the energy value model by Edwards summarizes;
The Energy Value model states that if all miners were to stop mining Bitcoin tomorrow, the power input would be zero and Bitcoin would be worthless
Using the energy value formula it adds that the current fair value for bitcoin last week was $11,500 which was way higher than its trading price.
There are other factors that come into play such as the BTC production cost which is a function of the asset price and mining expenses. Variations in such were found to be driven by the level of electrical energy input and energy efficiency of mining hardware.
Plotting the chart over the past decade revealed a strong correlation between the bitcoin energy value to its historic price in addition to stock to flow.
Chart courtesy of capriole.io
The research concludes with several principles that include increases in energy input will increase the fundamental value of bitcoin, as will higher hash rates.
Hash rates have leveled out over the past two months according to bitinfocharts.org. Theyre currently ranging between 85 and 100 EH/s which displays a level of network stability, and quells the notion that miners are capitulating.
If history rhymes with the energy value metric the next BTC bull run could be imminent. This would coincide with the stock to flow model and halving due in five months time.
If Bitcoin is successfully mass adopted as a store of wealth and/or global currency we may have financial market evidence that value is intrinsically linked to effort, the Joules of energy spent in work.
Does the BTC EV oscillator signal another bitcoin bull run? Add your comments below.
Images via Shutterstock, Twitter: @caprioleio, capriole.io
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This Bitcoin Metric Could Trigger the Next BTC Bull Run - Bitcoinist
CNN: Bitcoin was the best investment of the decade – The Next Web
Major news outlet CNN has touted Bitcoin as the star investment of the decade, eclipsing stocks, bonds, commodities, and (of course) fiat currencies worldwide.
CNN backed its claim with numbers provided by Bank of America Securities, which showed a tiny $1 investment in Bitcoin at the start of 2010 would be worth more than $90,000 today (or, considering its latest price dives, until quite recently).
Still, regardless of its recent performance, Bitcoin dominated more traditional investments. Even though the US stock market is the strongest in the world, $1 in American stocks at the start of the decade would now reportedly be valued at just $3.46.
One dollar invested in a 30-year US treasury bond over the same time period would now be worth $2.08.
Gold, however, was reportedly the top commodity of the 2010s (aside from Bitcoin, of course). A$1 gold investment in 2010 is said to be worth just $1.34, while the same in oil would equate to 74 cents.
CNN listed some terrible investments, too. A dollar in Myanmar currency at the start of the decade would now reportedly be worth a measly 4 tenths of one US cent today.
Thanks to Greeces debt crisis, 100 cents in the Greek equity market would now equate to only seven cents.
While BTCs value indeed went from fractions of a penny to thousands of dollars today, itll surely be hard to defend its title of best investment of the decade.
Now, Bitcoin faces its next test: the 2020s.
This is not investment advice. This is for educational purposes only. Do your own research, damnit. No, really, dont buy Bitcoin because you read this article. Past performance is not indicative of future results. Im not even qualified to tell you that. See what I mean? Do your own research. Please.
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CNN: Bitcoin was the best investment of the decade - The Next Web
Ethereum & Bitcoin Takes Hit, What Does This Mean For This Bulls? – newsBTC
Ethereum price is trading near major supports after a strong decline versus the US Dollar, similar to bitcoin. ETH price must stay above $120 to start a solid recovery.
There were additional losses witness in Ethereum below the $130 support area against the US Dollar. It seems like all bearish targets as discussed in the weekly forecast for ETH price were achieved such as $132 and $125.
Moreover, the price gained bearish momentum below the $125 support and settled well below the 100 hourly simple moving average. It opened the doors for more losses and the price traded towards the key $122 and $120 support levels.
A new monthly low was formed near $120 and the price is currently correcting higher. Ethereum already surpassed the 23.6% Fib retracement level of the recent slide from the $132 high to $120 low.
However, the price is now approaching the $125-$126 resistance area. Besides, there is a short term bearish trend line forming with resistance near $126 on the hourly chart of ETH/USD.
The trend line is close to the 50% Fib retracement level of the recent slide from the $132 high to $120 low. Therefore, the price must surpass the $125-$126 resistance zone to recover further.
The next major resistance could be near the $130 level (the recent breakdown support). If there are any additional gains, the bulls are likely to target the $135 resistance area and the 100 hourly simple moving average.
Conversely, the bulls might struggle to clear the $125-$126 resistance area. In the mentioned case, there is a risk of a fresh decline below the $120 support area in the near term.
Ethereum Price
Looking at the chart, Ethereum price is holding the $120 support and correcting higher. Having said that, the bears are still in control unless the bulls make an effort to push the price back above $126 and $130 to start a recovery.
Hourly MACD The MACD for ETH/USD is about to move into the bullish zone.
Hourly RSI The RSI for ETH/USD is currently correcting higher and moving towards the 40 level.
Major Support Level $120
Major Resistance Level $126
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Ethereum & Bitcoin Takes Hit, What Does This Mean For This Bulls? - newsBTC
Here are the key levels analysts are watching after Bitcoins latest sell off – CryptoSlate
Bitcoins recent price action has been firmly controlled by sellers, who have been able to successfully push BTC down to its November 25th lows of $6,500 that were previously viewed as a potential long-term bottom for the cryptocurrency. Now that Bitcoin is back at this level, there are a couple key price levels that analysts []
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Here are the key levels analysts are watching after Bitcoins latest sell off - CryptoSlate