Comprehensive Bitcoin Analysis January 1 / February 4
Bitcoin is the world’s most popular cryptocurrency, which has started to experience the worst declines in its history in the declines that started since the end of 2017 and refute all the expectations of investors in the market in 2018.. Although Bitcoin is the most popular crypto currency in the world among cryptocurrencies, investors have started to invest in different alternative investments for a while.
There are many different reasons for this, and the first reason is that the price of Bitcoin continues to fall for more than 412 days. and the fact that it has created an unexpected level of debris in the market. Bitcoin price dropped from $20,000 to $3,250, and there were times when some different cryptocurrency exchanges saw below this level.. For this reason, some of the investors did not buy Bitcoin and started to turn to different investments by selling their existing Bitcoins. they implemented the sale. In November 2018, following the implementation of the Bitcoin Cash hard fork in the crypto money markets, some of the investors preferred to sell immediately after the declines in some cryptocurrencies with more than 50% loss in value, while others continued their existing investments in the market and cost more than $ 5,000. They bought Bitcoin. While at the level of $ 6,400, Bitcoin, whose market volume and price began to decrease immediately after the hard fork, saw below the $ 4,000 level and became the resistance point of $ 4,000. money markets moved towards record breaking and continued the 400-day bear market in January 2019. In January 2019, when the market volume saw the level of 59 billion dollars, some of the investors did not accept the effects of the BTC drops, which were expected to last for 6 months, and started to make the sales they expected instead of panic sales again.. The market volume of Bitcoin, which saw the level of 59 billion dollars in January 2019, forced the market price of 3,500 dollars and drew a chart at the level of 3,400 dollars. While going down to the level, it occasionally saw over the level of 11 billion dollars, and after the decrease in the Ethereum market volume, it reached 3 levels.. dropped to rank. 3. Ethereum, which fell to the rank, experienced the largest bear market in its history, with the market volume also decreasing after the market price fell.
With the Bitcoin price, there were various changes in the market and XRP 2. managed to stay in line for a long time and spent most of January on the 2nd. Crypto money investors who spent the next time with XRP invested in XRP, which was successful than they expected.. Some of the Ethereum investors reviewed their XRP investment after the recent declines and started to invest in XRP in addition to their Bitcoin investments, thinking that XRP investment would be among the most lucrative options.. The continuous rise of the price difference between XRP and Ethereum and the resulting market volume decreases and changes in the market worth billions of dollars increased the interest in Bitcoin. experienced the ongoing bear market and remained at $3,400. Bitcoin is still the most preferred cryptocurrency with a market volume of $ 3,400 and $ 60 billion.. guarantees to stay in line and stay for a long time. There is no different cryptocurrency with a market cap of $60 billion and more.
- Crypto, which claims that the bear market of 2019 may be a year to continue, with the Bitcoin price falling for 180 days of 2019. there are money analysts.