Bitcoin News

Story: Bitcoin Close To The Bottom – Up By 45% In 10 Days

By Maheen Hernandez

1 / 11

Bitcoin passed the $4,200 mark ever since December 15, 2018.  This price level happened in just a period of 10 days.

2 / 11

The short-term price trend of Bitcoin is seen sustained thus touching up with the end of the year, thus bringing in some confidence as the dominant cryptocurrency has established…

3 / 11

Irrefutably, a vast majority of the cryptocurrencies are in the bear market.  Bitcoin is down by 79% from its all-time highs.

4 / 11

The price of Ethereum went up by more than 51% versus the USD.  According to an economist who is also a cryptocurrency trader, about 7 days ago ETH was down at 94% from its…

5 / 11

For those who believe that cryptocurrencies are not any longer trending the bearish way, the fact to be noted is that they need to increase in value by 20% to 30% versus the USD.

6 / 11

In Fiat to cryptocurrency exchanges, Bitcoin is valued at $4,200.  There have been several resistance levels shown by the different cryptocurrencies.

7 / 11

The current price lines are pretty conditional, and they might bounce to test the low $5,000.

8 / 11

The $3,120 is the lowest price touched by Bitcoin in the year 2018.  This is the bottom that it capped when the 84% decline happened from its all-time high.

9 / 11

The bottom achieved by the crypto market is seen to be too early in a time where the bear trend has not really come to an end.

10 / 11

There is a corrective rally of major digital assets happening in the current trend, and therefore a potential trend reversal and positive price movement are seen over the…

11 / 11

The value of the cryptocurrency has increased in value from $100 billion to $145 billion which is a 45% increase.

The Currency Analytics

Want the full story?