What You Think, Could Bitcoin Fall Below $4,000 In The UpComing Weeks?
Hey Steamian,
Best wishes to all of you auspicious day and I wish you are very nice and are doing very well on Steemit. You people know how BTC is fluctuated on your daily basis, So for today my questions is on Bitcoin, what you think about BTC price for upcoming weeks. Here I'm Coming with some measures. hope you like it.
Source : Google.
In the last several months, Bitcoin prices are constantly facing weakness, and recently, Bloomberg analyst predicted that digital currency could be as low as $ 4,000.
Bloomberg Intelligence analyst Mike McGlone said during a recent interview, "Bitcoin is in dump mode, after the pump run-up on the possibility of U.S. ETF."
Below is a chart illustrating Bitcoin's price movements -
Source : Bitmex.
Bitcoin closed our main support level of $ 6200 and to retain a lofty trend recently, there is a need to go back above $ 7000 on any [large scale] pullback. Otherwise, very few prices become real possibilities in the near future."
Source : Google.
Going forward, he suggested that the traders "see $ 5800 for a test of the test of 2018."
ETF Fixation of Bitcoin Market -
Source : Google.
ETFs are an investment tool to track underlying benchmark indices such as items or bonds to replicate their performance. In the crypto-world ETF is a hot-button subject, Securities and Exchange Commission (SEC) has rejected the recent proposal by the crypto-billionaire, which connects to Winklawos.
If the government agency chooses to reject the ETF, then it can be a "trigger, which announces bitcoin annually." Senior Market Analyst Matthew E. Newton noted in at eToro.
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Nobody knows what will happen in the next weeks but in the long term I believe in the BTC technology.
In the game of Altcoins you Hodl or you loose.
RALLY is coming
Yeah! Many more to come and I think it's a good time to buy some BTC.
I am right there with you.
@ldelpozoa @rhn268 - btc may dive to $5k but $4k is too low. it will pump again i think so.
Few months time, yes
Looks bad but thats reality.
Yeah!
Interesting article. I think today bitcoin to buy or wait still need. Who knows?
Thanks for the compliment! Hope you like it!
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Well, I do not know what to think, I am not very knowledgeable about the subject and I am starting, what I can elucidate is that although I have read that the BTC would reach 25,000 dollars, I see that the trend is bearish, both in the graphs as in the web pages, perhaps if it goes down to 4000 dollars, the question is that if it reaches that point, it will be worth buying?
After showing lots of up and downs in BTC market! No one really know what will be the price of BTC in upcoming days. Currently BTC is below 6K.
bitcoin is more global and always on every day
extraordinary human .... 😘😘😘😘
plis give me my value
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