Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on August 15, 2018, 01:53:11 PM
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Well, just after a catastrophic day in the markets, it seems the downtrend has finally come to its end today. Maybe this is short-lived, as many do believe the decline hasn’t come to an end just yet, either way though, let’s relish in the fact that as it stands, crypto is no longer falling. And at the time of writing, the Top 100 Cryptocurrencies in coinmarketcap.com (https://coinmarketcap.com/) led by Bitcoin is all color green with the exception of Tether, MOAC, Dentacoin, Aurora, and TrueUSD. Bitcoin dominance is up and is valued at $6,399.40, up by 5.54%. When Bitcoin flies up, expect the rest of the markets will follow close behind. Let's watch Bitcoin these coming days, it looks very promising overall... just my 2 cents.
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No, the market is still on a downtrend and bitcoin's last dip of price had nearly reached the bottom, which is 5.9K$. If this will continue to go below the last dip record, I think bitcoin could not recover earlier and would only hit below 20K$ before this year ends.
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It's possible but I personally think things won't really reverse until mid September. Summer markets are usually down and slow like this, things will kick into high gear October. Of course this is just my opinion.
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The market is still in a downtrend at the moment. And it's still unpredictable until when the downtrend occurs. Hopefully there will be new hope in the next month, where all the coins will be pumped faster and make everyone party.