Bitcoin is down again and has gone down by 12% in a day to a vlue of around $5500. Total market capitalization of bitcoin stabds around $96 Billion, which is lower than the $100 Billion of October 2017.
Bitcoin – What to do in near future
- Bitcoin could hold to the psychological support of $5,000 in the next few days.
- Possiblility of a strong corrective rally in the near-term is very low, as most of the investors have turned bearish after this price drop.
- If price closes above the $5,780, the bearish pressure could weaken.
- Bullish trend could be visible, if the former-support-turned resistance of $6,000 could be achieved.