Bitcoin saw the lowest levels of the year: what do analysts say?

The price of bitcoin fell below $ 6,000 on Friday, and the price has fallen for the year 2018. Bitcoin is trading at 6,138 USD at the time of writing, down by 6%. Leading crypto money now has a market value of $ 105 billion. With these figures Bitcoin saw the lowest levels of the year.

CoinDesk's Bitcoin Price Index (BPI) surpassed the lowest level of $ 5.947 on February 6 at 5:58 pm UTC, It fell to the dolara. The price of bitcoin has dropped more than $ 700 since yesterday's trade. According to BPI, the market volume of the crypto currency has also fallen to $ 102 billion.

 Bitcoin sees the lowest levels of the year
Bitcoin sees the lowest levels of the year

Crypto currency, this sharp drop last week mostly from $ 6,300 to $ 6,800 in a relatively narrow range. On Wednesday, Bitcoin fell modestly by 2.6% during the day following the news that the South Korean crypto money market Bithumb was being attacked.

"Today we can see more sales at $ 6,100."

After this rescue, the price of Bitcoin traded in a reasonably narrow range before a sharp decline. . John Pearlstone, one of the analysts who discussed the situation at the price of bitcoin, says that if Bitcoin falls below the lowest level of 2018, we can see a decline towards $ 5,000. 360 Blockchain USA CEO Jeff Koyen commented on the price of Bitcoin:

Today we can see more sales at $ 6,100. We can even see Bitcoin dropping to $ 5,000.

"Bitcoin is testing critical support levels."

Mati Greenspan, senior market analyst at eToro, a social trading platform, says that Bitcoin is going to stay at around $ 5,000 or $ 6,000

Bitcoin is now testing the lowest level of critical support on February 6th. Forbes

Our latest news Telegram from our channel, Instagram from our account, Facebook From our website and Twitter You can track from our account.

The information in the article is for informational purposes only. It does not carry any investment advice. The author and are not responsible for the profit or loss arising from the investments you are making. The investment is ultimately based on a number of themes, such as knowledge, experience, experience, research and personal decisions