You are viewing a single comment's thread from:

RE: Crypto Dives AGAIN? Trading and Some Warnings

in #cryptocurrency7 years ago (edited)

It's a tough market for sure right now. I think Bitcoin is getting close to done with it's downtrend. It has come off it's pumped/hyped price hikes of Nov/Dec '17 and approaching the trend line that was established in July/Aug/Sept timeframe. I believe it will bounce there and resume the more natural growth trajectory it was on prior to the unnatural holiday spike it experienced.

From there, Bitcoin could go on a bull run that leaves ALT's in the dust to bleed for a bit or the two could grow at a more natural acquisition pace where all expand together. However, if history's to repeat as it often does, we'll likely see ALT's bleed during Bitcoin's resumption to climbing in value and ALTs following when Bitcoin levels off.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 62102.06
ETH 2415.08
USDT 1.00
SBD 2.49