Post
Topic
Board Economics
Re: How much more fall is possible ?
by
Juggy777
on 09/09/2018, 06:45:22 UTC
I think Bitcoin is not too far away if the price goes down, we can see from the graph move in VIP Bitcoin,
the price of the most popular virtual currency continues to struggle in the range of USD 6,000. Whereas yesterday Bitcoin was still sitting comfortably in the range of USD 7,000. In fact, the cryptocurrency had dropped to USD 8,000, the figure was the lowest during 2018. The last time the virtual currency had a value of under $ 6,000 occurred in November 2017.

Hey if you have been observing Bitcoins did found good resistance at 6500$ levels and then slowly steadily it moved to 7300$ levels. It was at these levels that people started to sell it, and that's why the prices went down overall I feel it's a short term downfall. I believe that bitcoins shall soon rally up, as there is lot of potential to rally up from this price levels, also at these levels it's best to add them and average it out for the long term.