RATE Group | Will Price of Bitcoin Fall? Crypto Coin Heads Toward $7,000
28855
post-template-default,single,single-post,postid-28855,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Will Price of Bitcoin Fall? Crypto Coin Heads Toward $7,000

30 May Will Price of Bitcoin Fall? Crypto Coin Heads Toward $7,000

Posted at 17:53h in Bitcoin News by

[ad_1]

Bitcoin’s in a world of pain, again.

The biggest cryptocurrency has renewed its flirtation with the $7,000 price level. The slide has helped to also send other digital assets into retreat, with Ethereum, Ripple and Litecoin all lower on Wednesday.

Since failing to regain the psychologically important $10,000 level on May 4, it has closed lower in New York in 12 out of 17 sessions. The hype surrounding last year’s hottest asset class have faded in 2018, with fewer online searches and more pressure for regulators, with technical analysts saying the decline replicates the pattern seen following the collapse of the Mt. Gox exchange four years ago.

“The emotions are no different from the last time this happened, it’s just a different set of people going through it,” said Paul Day, a technical analyst and head of futures and options at Market Securities Dubai Ltd. “We could go down a long, long way.”

Bitcoin on Friday dropped below its average over the…

[ad_2]

Article Source

Tags:
, , , , , ,