Post
Topic
Board Trading Discussion
Re: Until when does the price of crypto currency continue to fall?
by
BitMaxz
on 16/08/2018, 22:47:02 UTC
No one can predict if the cryptocurrencies will continue to fall because all coins on coinmarketcap is unpredictable.

However, look at the price movement today seems the price of other coins and bitcoins stopped falling so I think the bear market is almost done.

Since bitcoin has a strong support and it has a strong resistance at $6k value, it's possible that the price will rise up again.

Check the Coinmarketcap there are two exchanges that the volume suddenly rise quickly. So, I think there are big whales investing back again to hold and wait for the price rise again.