The reasons for the decline are explained by the regulation processes of this market after it had a loud voice on the arena of financial commodities, but in fact whoever reviews the behavior of these currencies since 2010 finds that the nature of The price behavior of this market is very sensitive and volatile, and in many times we found Bitcoin falling to 90% from the highest recorded high, and then rising again after everyone was surprised
In my opinion, we will not see an increase with the same proportions that we had seen before 2018 at rates such as 10,000%, but I think we can see an increase equivalent to 500% or perhaps a thousand% of the current prices These are figures that cannot be ignored because of their importance in terms of investment. During the past year, the media sought to shed light on digital currencies in an exaggerated way, making some believe that digital currencies invaded the world, but the language of numbers may say otherwise, as the market value today for all digital currencies is $ 210 billion in When it reached its summit nearing $ 900 billion, it actually acquired less than 0.20% of the market value of the markets. The world, which today reaches 80 trillion dollars, and the volume of its daily financial trading amounts to 15 billion dollars, it hardly represents 2% of the volumes of financial transactions around the world, these figures show that the fierce war that was waged on digital currencies as if they invaded the world is exaggerated The financial world sensed the coming danger and tried to put restrictions in order not to lose the cake from his hand, and these numbers are also an indication that we may be just at the beginning of the road, not the end of it, as many people may think, and as the media market in addition to the financial solutions offered by digital currencies The face of the future has already changed / p>
Technically in the attached chart, from my point of view there are indications that a historic bottom for Bitcoin for the year 2018 can be formed at the level of $ 5740 and that the bottom of $ 5860 will be on August 14 the start of the launch Expected, according to the conditions first promised to maintain the bottom of 6095, which was recorded on August 19, and then we are supposed to see a positive move towards the level of 6800 dollars and towards the penetration of the level of 7300 dollars, an important point to breach it will make Bitcoin rise to exceed the level of 11,000 within a short period of time to turn the market path from a bearish to An uptrend will support the rise of all digital currencies in the short term
Our best wishes for everyone success.
