Topic: Bitcoin hits lowest in 2018 - page 7. (Read 1007 times)

I think there is tripple bottom at least and this should be end of bearish trend for sure. But many traders say that this is not the end . Maybe 4000USD could be.

Its true. According to technical analysis BTC reached the second bottom and from this point, cin should go up.
Moreover, now we see more and more good news, so hope to see July and August green

Bitcoin is currently clinging in price range of 6000-6200$ and I don’t think that it will crash anymore as it has strong support at 6000$ mark. Once bitcoin breaks the resistance that is at 6800$ mark, it will fly and next stop will be in between 8000-9000$ where it will face another resistance. I didn’t really understand how creation of new tether tokens is related to the surge in the price of bitcoin that might take place.

Bitcoin hits lowest in 2018; falls below $6,000: Here’s what you should know
Bitcoin crashed to a low of $5,787 on Sunday afternoon, mildly recovering to $6,131 on Monday morning.

Bitcoin crashed to a low of ,787 on Sunday afternoon.
Post-October last year, Bitcoin rallied in a way that shocked the world. From the modest $4,000 price, Bitcoin surged past $19,000 in just two months. But soon, the fall began and now the most popular cryptocurrency has fallen to below $6,000, lowest in 2018. Bitcoin crashed to a low of $5,787 on Sunday afternoon, mildly recovering to $6,131 on Monday morning. There could be many reasons for the fall in Bitcoin — tax selloffs, higher regulations or ban in many countries, multiple hackings et all.

All that apart, the Federal Reserve of San Fransico last month said that the Bitcoin crash could be attributed to Bitcoin Futures. “The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence,” the report ‘How Futures Trading Changed Bitcoin Prices’ said.
Founded by an unknown person or a group of persons Satoshi Nakamoto in 2009, Bitcoin remained within $4000 until mid-2017, when it increased exponentially for about 10 months. “This explosive growth ended on December 17, 2017, when bitcoin reached its peak price of $19,511. Notably, these dynamics aren’t driven by overall market fluctuations,” the report said.
However, crypto traders have not abandoned the idea yet. “This is not the funeral for bitcoin whatsoever,” Brian Kelly, founder and CEO of BKCM LLC, an investment firm focused on digital currencies told CNBC. He added that as compared to last year’s price of $2, 500, Bitcoin is still at a higher level.

Bitcoin is a type of cryptocurrency, a digital currency which uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds. It is like the money, with no physical presence but a series of codes. Bitcoin is traded on exchanges using the blockchain technology. The blockchain is a digital and public ledger through which transactions made in digital currencies are recorded chronologically and publicly.

it can be said that 2018 is a bad year for bitcoin, because 2018 crypto market is severely hit and hit the lowest price but I see the market will soon recover

I'm interested in the question: is it already the bottom or only its first step? Crypto currency is now a risky asset? Here, even against the background of the probability of a trade war, investors begin to withdraw their funds from digital coins. I hope that everything will change, but rumors on cryptology are not encouraging.

It is hard to tell which way things will go from here,price is barely 6k despite the rumors that prices could surge because Tether just create new tokens 25th June.2018. Historically, such normally result in bitcoin price appreciation.

Its true. According to technical analysis BTC reached the second bottom and from this point, cin should go up.
Moreover, now we see more and more good news, so hope to see July and August green

It has being a serious market downtime this year. But I believe all of that was very temporary so we can be expecting a substantial growth as well from here on.

Bitcoin hits lowest in 2018; falls below $6,000: Here’s what you should know
Bitcoin crashed to a low of $5,787 on Sunday afternoon, mildly recovering to $6,131 on Monday morning.

Bitcoin crashed to a low of ,787 on Sunday afternoon.
Post-October last year, Bitcoin rallied in a way that shocked the world. From the modest $4,000 price, Bitcoin surged past $19,000 in just two months. But soon, the fall began and now the most popular cryptocurrency has fallen to below $6,000, lowest in 2018. Bitcoin crashed to a low of $5,787 on Sunday afternoon, mildly recovering to $6,131 on Monday morning. There could be many reasons for the fall in Bitcoin — tax selloffs, higher regulations or ban in many countries, multiple hackings et all.

All that apart, the Federal Reserve of San Fransico last month said that the Bitcoin crash could be attributed to Bitcoin Futures. “The rapid run-up and subsequent fall in the price after the introduction of futures does not appear to be a coincidence,” the report ‘How Futures Trading Changed Bitcoin Prices’ said.
Founded by an unknown person or a group of persons Satoshi Nakamoto in 2009, Bitcoin remained within $4000 until mid-2017, when it increased exponentially for about 10 months. “This explosive growth ended on December 17, 2017, when bitcoin reached its peak price of $19,511. Notably, these dynamics aren’t driven by overall market fluctuations,” the report said.
However, crypto traders have not abandoned the idea yet. “This is not the funeral for bitcoin whatsoever,” Brian Kelly, founder and CEO of BKCM LLC, an investment firm focused on digital currencies told CNBC. He added that as compared to last year’s price of $2, 500, Bitcoin is still at a higher level.

Bitcoin is a type of cryptocurrency, a digital currency which uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds. It is like the money, with no physical presence but a series of codes. Bitcoin is traded on exchanges using the blockchain technology. The blockchain is a digital and public ledger through which transactions made in digital currencies are recorded chronologically and publicly.