Today, the dynamics of the market cryptocurrency is relatively stable, and most coins were even able to partially restore their cost. However, analysts believe that the bottom has not yet been achieved and a new collapse may follow the short-term adjustment.
After the «burning» of yesterday’s rebound throughout the environment, the cryprotes are trying to restore lost positions, but at the time of writing the material the Bitcoin course (
Technical analysis indicates oversold, but the total trend remains a bearish. According to analysts, if the price of Bitcoin will be able to climb over the retaliation of $ 5,200, but the trend will be broken. However, in the fall below $ 4,200, the path to the psychological level of $ 4,000 will open, and after its overcoming, the downward dynamics will remain up to $ 3500.
Many experts believe that Bitcoin’s course has not yet reached the bottom, which is in the range of $ 3500-4200. Some predict that in the short term BTC may lose 80% of the cost before consolidation begins. Negative attitudes of investors confirms and increase the trading volume in the last 72 hours.
The market expected that on the eve of the December launch of the InterContinental Exchange Bitcoin futures on the Bakkt platform, a new boom will begin, but the operator reported