Bitcoin/Crypto Analysis as on 30 Nov 2018
Nov was not a good month for cryptocurrency. Though this whole year 2018 till not is not good for the crypto but after stability of couple of month when bitcoin was trading between 5500 to 7500 it shown a huge dump in price in last 2 weeks.
Look at the below chart and it shows that bitcoin was trading at 6400 USD approx with market cap of 108 bn$ and within 2 weeks time its showing huge dump in price which put market cap down to less than 72bn and price to 3500 USD approx.
Currently its difficult to say whether this will dip further or bounce back from here. There are many technical experts who are saying that it will bounce back. Below is the current trading status. Please have a look-
current market is in bearish mode and at any point of time it can fluctuate heavily so trade carefully else you may go in huge loss.
Have a great day.
Follow: @alokkumar121
I think it could be all so a big chance 😉
Let's hope that the price will go up soon
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May be you are right that it could be a big chance to buy but at the same need to be careful as market can any direction. But for long term investors its not a problem.
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You're absolutely right! Let's see what the future brings
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