Crypto News

Opinion: bitcoin may repeat the correction of 2018

Little more than a day ago the launch of the platform Bakkt. According to some participants of the crypto community, the beginning of trading on the site should be the starting point for a new bullish rally of bitcoin. Despite this, currently the most capitalized cryptocurrency shows a negative trend. Recall, the bidding started at $10 115. As of the moment, bitcoin is trading at $9 720.

график bitcoin.PNG

At the moment, BTC continues to move within the earlier formed triangle. According to some participants of the crypto community, for the achievement edge of the shape the price of an asset will be able to choose the future direction of the movement. According to the current situation of the triangle can be implemented in the period from 10 to 24 October.

A number of commentators believes that the negative dynamics of bitcoin is only the beginning of an active trend, in which the price of an asset will be able to reach the next bottom. Network users drew attention to the fact that trade bitcoin futures on Bakkt is largely an attempt to bring cryptocurrency to the classic market. The latter, in particular, the inhabitants of wall street, previously given to understand that they do not see BTC no value.


On the basis of the negative attitude of the representatives of the largest traditional market to new financial instruments, users have suggested the beginning of the active fall of the most capitalized cryptocurrencies.

Source:cryptofound.com
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