Bitcoin Surely get down up to 5000$ appx in next few days
Yes friends after read this you can see momvement of Bitcoin.
After market analysis it can see Bitcoin is in bearish form and according to recent realese news that On June 23, the cryptocurrency market demonstrated another minor short-term correction, as $13 billion were wiped out of major digital assets such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS.
Its found that EOS recorded the largest loss against the US dollar amongst major cryptocurrencies, dropping by more than 11 percent overnight. Bitcoin, Ethereum, and Ripple recorded a five percent loss but have recovered slightly since.
Now bitcoin needed stable period To recover its market now.if we can see over the past two months, Bitcoin had certain periods of strong momentum on the upside, supported by optimism from the market and positive developments by the institutional side of the industry.
In collaboration with large-scale hedge funds, Coinbase, the world’s largest cryptocurrency exchange, platform, and brokerage have started to build a suite of institutional cryptocurrency products and trusted custodianship for institutional investors, leading Ethereum creator Charles Hoskinson to express his long-term enthusiasm towards the cryptocurrency market.
Who is Charles Hoskinso – He is a Colorado-based technology entrepreneur and mathematician”
In consideration of the above mentioned scenarios and the 2014-esqe correction of BTC in 2018, it is likely that BTC will fall below the $6,000 mark once again, as it did earlier today, but to the lower end of $5,000 before initiating a mid-term rally towards the end of 2018.
Who is Charles Hoskinso – He is a Colorado-based technology entrepreneur and mathematician”
In consideration of the above mentioned scenarios and the 2014-esqe correction of BTC in 2018, it is likely that BTC will fall below the $6,000 mark once again, as it did earlier today, but to the lower end of $5,000 before initiating a mid-term rally towards the end of 2018.
It might be seen from January of this year, Bitcoin has been on a free fall and every time the dominant cryptocurrency tried to secure mid-term momentum and rally past two important support levels at $10,000 and $12,000, bears took over the market and created immense pressure on the downside.
Given that the six-month correction since 2018 is nearly identical to the structure of the correction of BTC in 2014, both BTC and the cryptocurrency market will need to demonstrate stability for several months and undergo an accumulation period before recovering back to the $10,000 region and eventually to the $20,000 mark.
If BTC falls to the lower end of $5,000, it is highly likely that tokens will experience intensified movements on the downside.
