Bitcoin is in very bad shape. There’s no sugarcoating the facts. After falling to $5,500 a few days ago, the weekend took a nasty toll on the cryptocurrency’s price and bitcoin is now trading for under $5,000.
The news is quite shocking. The father of crypto has fallen into the high $4,900 range, where it’s been for roughly 48 hours. This is by far its lowest point in over a year, and with just over 40 days left in 2018, the rest-of-the-year price prediction doesn’t look anything but bearish.
Just a few days ago, the market experienced a sudden flash crash, with many cryptos being relegated to their lowest prices for the year. Despite having shown resilience during earlier volatile times for altcoins, Bitcoin couldn’t withstand the crash and traded at its lowest level in the past 13 months at $5,300. And just as it was beginning to recover, the bears struck again, driving Bitcoin to a new yearly low. Bitcoin traded below its $5,300 support level beneath which it had managed to avoid by the skin of its teeth.
At press time, the price of everybody’s favorite cryptocurrency has fallen back a bit to the $5,400 range. Yesterday, the currency was trading at just over $5,500, though it appears it’s found more comfort at a lesser spot.
One of bitcoin’s biggest bulls has been Tom Lee of Fundstrat fame. Lee has repeatedly commented throughout 2018 that bitcoin will be the subject of a major bull run that will take it up to $25,000 by the end of the year.
Boy, oh boy… Where do we even begin?
The father of cryptocurrency is in a terrible state. After falling to $6,200 from its recent “high” of $6,500, bitcoin’s price has taken a major turn for the worse. At the time of writing, the currency has dropped down to approximately $5,500 – its lowest point since October and November of 2017.
At press time, the father of cryptocurrency has dropped by roughly $100 since our last price piece and is now trading for just over $6,200.
The currency has been trapped in a serious slump for several weeks, where the trading range appears locked between $6,200 and $6,300. Some analysts – like Victor Dergunov – are referring to this period as “the calm before the storm,” as they expect bitcoin’s price to fly through the roof in the coming months.
In a recent blog post, Dergunov explained:
“This is not the first time that bitcoin has seen calm waters.
At press time, the father of crypto is still trading in the $6,300 range, which is where it’s been for the past few days, and the likelihood of bitcoin spiking to $8,000 or $9,000 by the year’s end is growing smaller every day.
One source claims that bitcoin has somehow stabilized, though to be fair, the present price is lower than what the piece is quoting.
At press time, the father of cryptocurrency is back down in the $6,300 range. This is about $200 lower than where it has stood over the past couple of days. The currency made headlines after it rose back up to $6,500 following word that the Securities and Exchange Commission (SEC) was closing the public commentary period for nine recorded bitcoin ETF applications that the organization was originally set to examine and decide on last August.
At press time, the father of cryptocurrency is trading in the $6,500 range. This is about $100 higher than where it’s stood over the past several days, and it appears we’re heading back to where we were in September and early October.
Several factors must be accounted for when examining the sudden spike. For one thing, Overstock.com CEO Patrick Byrne recently came forward to say that he sees cryptocurrency and blockchain technology as significant, and he believes both will reach mainstream status in the coming months.
At press time, the father of cryptocurrency has moved back up to the $6,400 range. This is a welcome change from its recent slow to $6,300 and presents a few interesting scenarios up ahead.
For one thing, we know that bitcoin could potentially be recuperating from its recent $200 drop. The currency fell to $6,200 for the second time within 30 days, leaving many enthusiasts wondering if $5,000 was next. Apparently, the currency is now backtracking to where it was originally, with the possibility that it may strike its original figure of $6,500 soon.
At press time, the price of bitcoin is still trapped in the $6,300 range. The price has been here for the past few days, following a slight recovery after bitcoin briefly fell to $6,200 for the second time in less than a month.
Thus far, one of the predictions made in our previous price article is coming true.
At press time, the father of crypto has shot back up to $6,300 after falling to its lowest point in weeks. Recently, bitcoin was traversing the $6,200 range after sitting at $6,400 for some time. No one expected the currency to move all that much considering volatility has been at an all-time low, but move it did, and the price repeated its early October behavior.
At press time, bitcoin is still trading in the $6,400 range. Nothing’s changing for everybody’s favorite form of crypto; it’s been trapped in this range for roughly two weeks, and it’s likely to stay here for a while.
One source claims that a sell-off occurred late last week, and interestingly, bitcoin appears to be the only asset that remained stable during that period.
At press time, the father of cryptocurrency is still trapped in the $6,400 range, where it’s been for roughly 11 days. Though the price has remained relatively stable and volatility has been at an all-time low, it’s hard to describe bitcoin as “exciting.” The currency simply won’t move; it has recovered somewhat from a $300 drop it incurred roughly two weeks ago, but no serious price swells have occurred.
What’s troubling is how much the volume of bitcoin has declined over the past three days.
At press time, the father of cryptocurrency is still trading within the $6,400 range. The price has remained virtually unchanged for the past several days, and more of the same appears to be on the horizon for everybody’s favorite digital asset.
In the short term, it’s easy to assume that nothing is happening with bitcoin; that the currency has hit a point of stagnation, and we’re not likely to see anything happen for some time.
At press time, the father of cryptocurrency is back up in the $6,400 range after falling to just over $6,300 during our previous price coverage. As mentioned before, the currency has seemingly found a comfortable spot between $6,300 and $6,500 and hasn’t moved from here for several weeks minus a few small jumps and falls along the way.
One source mentions that “nothing new” is happening in the BTC market, and while it’s hard to admit, there seems to be some truth to this statement.
At press time, everybody’s favorite cryptocurrency is down for the count, and trading in the $6,300 range. This is a little less than where it’s stood over the past few days – $6,400, which was a drop from the previous $6,500 range it was enjoying so much.
Bitcoin’s behavior is a bit annoying as of late. Seriously – down $100, up $100. Down $50, up $50. Ho hum, how exciting. The price has not undergone any drastic changes, and for the most part, it seems the coin is traversing through the same $200 region.
At press time, the price of bitcoin remains virtually unchanged since our previous coverage and is still hovering within the $6,400 range. Apparently, $6,400 has become the new $6,500, or the spot where bitcoin feels the most comfortable. The currency spent several days, if not weeks, traversing the $6,500 boards, but following a $300 drop late last week, bitcoin has only managed to recover $200 of those “lost funds.” It’s unsettling, but at least the coin isn’t falling any further.
BTC is, for the most part, trading on a flat range, though it is experiencing low volatility.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...