Crypto Price: Will We See Bitcoin Trading at $1,800 Before a Bull Run?

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For almost 60 days now, Bitcoin (BTC), the leading crypto by market cap, has astonishingly held its own, failing to break below the $3,000 price level several times. This forced massive crypto traders to think that $3,000 will be the point level at which Bitcoin lays low in the latest market cycle (accumulation, uptrend or markup, distribution and downtrend or markdown phases).

The hypothesis has certainly taken hold, particularly among those anticipating that digital currencies will start to spike higher in the coming weeks, but some traders are suspicious that lower depressions are coming. For instance, Anthony Pompliano, the head of Morgan Creek Digital Assets, has commented on several podcasts, social media platforms, and publications that BTC could more likely fall below the promising $3,000 level.   

Meanwhile, at press time, Bitcoin is trading at $3,300 with a market cap (MC) of $59 billion, Ripple is changing hands at $0.2917 with an MC of $12 billion and Ethereum (ETH) is also trading at $103 with an MC of $10 billion, according to coinmarketcap data.   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/crypto-price-bitcoin/