Posted: 25.09.2019 Buzz News Bitcoin and Co.with big losses
On Wednesday, crypto-currencies slaughter and provoke panic in the market.Here, the price of Bitcoin exceeds 10 percentage points and the important limit of $ 10,000 is changing for the moment in the distant future.Some Altcoins are even more difficult.
Let’s take a look at the news surrounding the dump of Bitcoin! Bitcoin loses 13 percent
Currently, Bitcoins have seen a price loss of around 13%.
After staying well above the $ 10,000 limit over the past few days, the price is now close to $ 8,400.Several experts have warned users of cryptography several days before a possible price drop.In a few minutes, the price has been reduced by about $ 1,500.
Once again, the high volatility is visible here, after many spoke in August and early September of “calm before the storm”.course correction?
However, the massive fall in prices is not really surprising after the tripling of the bitcoin price in just four months.These price corrections are normal in this respect and fluctuations in the lower two-digit range should not scare many investors in the cryptospace industry.However, this raises the question of whether this dump has already reached the end of the flagpole or whether it goes even further in the hours and days to come.Where does Bitcoin go?
After the support line at $ 9,000 collapsed, it did not take long for Bitcoin reaches a price of about 8400 USD.Where are they now? next important limits? If bitcoin falls to 6000 USD (the next big support area) or even deeper? The current support is in the range of 8300 USD.
then Keep an eye on the following support lines: 8000 USD (the lowest point reached by the BTC during the current emptying), 7600 USD and 7200 USD (Fibonacci value of about 62 since the Year high).The return could be difficult
The nearest resistance is located currently at around 8600 USD.
Then the critical range follows at 9000 USD, which could be decisive.Many investors had the The launch of Bakkt is eagerly awaited and then increases Bitcoin suspects.However, the low volume of transactions has made them and the normal “sell news” glue across the line The law project.The largest volume of transactions since mid-June brings again Drive it into the world of crypto.As a result, one could also use the dump as See the introduction for a thrilling fourth quarter.
Is actually However, it’s way too cool to be reliable forecasts meet.
Bitcoin had to be aware Discharge away from taking the biggest losses.Also with the Altcoins suggests the downtrend.How to lose Bitcoin Cash (BCH) and Bitcoin SV (BSV) even more than 20%.
Ethereum (ETH) Behaves like bitcoin and has about 13 percent to lose.Only ripple (XRP) has single digit losses Percentage range (about 8%).Bitcoin dominance is located still about 69 percent.The total market capitalization is about 220 Billion USD.Although the landfill initially provides for many investors, Panic, but it could also be beneficial for the Being crypto world Finally, the “calm before the storm” is over.
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Since 2015, I have been working on blockchain issues and underlying technologies.In recent years, I have been able to continue my studies, particularly in the fields of mining, trade and ICO analysis.
In addition, my work as a writer allows me to stay abreast of the latest developments in the world of crypts.
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