What Will We Do Now...?
Bitcoin ( BTC ) and the cryptocurrency market dropped billions of dollars in a week. As a result of this drop, the Bitcoin price is up to $ 18,300; Ethereum ( ETH ) price has dropped below $ 550. According to CoinMarketCap data, the total value of the crypto money market was $ 534.15 billion and it shrank by more than 10 percent. I will give you information about the reasons for the fall.
53% of this downward trend was from Binance, Huobi and FTX exchanges.
Comment by Nobel Prize-winning economist Nouriel Roubini;
Bitcoin ( BTC ) Chart
He dropped below the Bollinger Bands average. RSI dropped below 50. It gives a sell signal on the MACD. With this data, it can drop to $ 17,500. If this support point is broken, it can drop below $ 17,000.
It is necessary to pay attention to the date of December 15th. Mt. It is feared that the Gox stock exchange may decline the market on this date. Therefore, it is necessary to follow this issue and history.
2.0 transitioned in Ethereum ( ETH ) but could not take advantage of this significant development. The decline in Bitcoin was reflected in other coins.
As I always said, listen to everyone, decide for yourself...
take care, see you... follow me ...
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