Bitcoin ends the working week with a fall. At the time of writing, the rate BTC is at $7984. Behind him the other cryptocurrencies out of the top 10 ranking of capitalization also lost in price. On the background of the devaluation of popular assets, members of the crypto community have submitted their predictions.
So, according to the analytical company co-founder of Fundstrat Global Advisors Tom Lee, the current movement of the exchange rate of bitcoin suggests that the cryptocurrency is in the process of going through the next bottom. Behind him, as the expert considers, will be followed by a new round of growth.
Many members of the crypto community agree that at the moment the drop in BTC is difficult to name a critical. Users admit that in the correction, the course of bitcoin could drop to $6 thousand Their vision of the situation, users explain the need for correction after a long period of growth.
Also his opinion about the future price movements of the cryptocurrency has shared the well-known German analyst and economist Holger Schepis. In his microblog specialist published a post in which he demonstrated the course crossing the 200-day moving average. In his view, the current situation of BTC speaks about the prospect of further declines.
A tough week for #Bitcoin just got worse. The digital currency dropped below 200d MA for 1st time since early April. Bitcoin has erased some 20% of its value this week, on track for its worst performance since Nov. pic.twitter.com/J4cWwgHggS
— Holger Zschaepitz (@Schuldensuehner) September 27, 2019
Earlier, many members of the crypto community agreed on that at the moment bitcoin is near a local minimum. The passage of the latter, under the assumptions of the users, should push the price of the asset to be released in active growth.