Ouch!! Red is the colour today. :)
The majority are deeply red. Total market cap dropped almost 10% the last 24 hours.
Let's have a loot to the number 1 crypto currency Bitcoin.
We tested the 15K level and it failed. We have seen a drop to $13.100.
Look forward to see if the market can set a higer low above $12.900.
If that's the case expect a retest of the 15K level within one or two days.
Good luck to you all and untilk the next update.
Top stock picker 'Moas' is still very bullish and in the light of the correction explained the advantage Bitcoin has now CME and CMOE made future trading available. It is proof that its a legit new asset class.
New technologies comes with much uncertainity and volatility.
Below the 1hr chart
DId you know that Bitcoin was elected for word of the year? :)
The mass adoption only begon recent months. With 2018 in front of us some major Blockchain projects will ensure that this adoption will continue and possibly drive prices further up.
The number of Bitcoins that are alredy mned will surpass the 80% level at some point in January 2018. I honestly think that we can see a run up reaching 40K -73K level next year.
Pls let me know what youre thought are for Bitcoin going into 2018.
With this said I wish you all a great day and a very new year. See you all in 2018!