Well, a lot of you are worried about Bitcoin move right now because it is important for the whole market as the market is totally dependent on the Bitcoin, a little dump can affect the prices of the altcoins! so here is my point of view:
First of all, it's purely based on the technical analysis from which we can say that we haven't seen a major drop from the recent highs but still, it is underneath the resistance which is around 6335 (Bistamp price) and for a bullish scenario we must break the 6335 level and close the 1D candle above this level, anything below this isn't a good sign and will make chance for another drop, we are just below the resistance and going sideways for now!
Next support zones are 6150-5850-5500, which is likely the strong support zones and a lot of buyers are waiting for it to drop so that they can buy cheap!
Whereas Arthur Hayes, CEO of major crypto derivatives platform BitMEX, has said he believes 2018’s bear market could last another 12 to 18 months! and the totally opposite news: Fidelity Investments’ Tom Jessop Believes 2019 Will Be A Big Year For Cryptocurrency!
Some important upcoming news can affect the prices on large levels as well as SEC ETF diciosn has yet to come also Bitcoin Trading Volume to get a Boost as Goldman Sachs Onboards Clients & with Bakkt Launch!
These are for long-term growth and it will have a huge impact on the prices of Bitcoin and the whole market! still, it's highly volatile at this moment!
First of all, it's purely based on the technical analysis from which we can say that we haven't seen a major drop from the recent highs but still, it is underneath the resistance which is around 6335 (Bistamp price) and for a bullish scenario we must break the 6335 level and close the 1D candle above this level, anything below this isn't a good sign and will make chance for another drop, we are just below the resistance and going sideways for now!
Next support zones are 6150-5850-5500, which is likely the strong support zones and a lot of buyers are waiting for it to drop so that they can buy cheap!
Whereas Arthur Hayes, CEO of major crypto derivatives platform BitMEX, has said he believes 2018’s bear market could last another 12 to 18 months! and the totally opposite news: Fidelity Investments’ Tom Jessop Believes 2019 Will Be A Big Year For Cryptocurrency!
Some important upcoming news can affect the prices on large levels as well as SEC ETF diciosn has yet to come also Bitcoin Trading Volume to get a Boost as Goldman Sachs Onboards Clients & with Bakkt Launch!
These are for long-term growth and it will have a huge impact on the prices of Bitcoin and the whole market! still, it's highly volatile at this moment!