Bitcoin is heading to close a very dark first half of the year and losing almost 70% from the highs reached in December around the $ 20,000, a figure that now seems a joke in bad taste. And is that the most popular cryptocurrency has fallen again this morning more than 3%, losing $ 6,000 very clearly, a level considered by experts as very psychological and whose loss has strong bearish implications.
In this way, bitcoin has chained its second consecutive month with falls of more than 20% in the midst of news regarding security problems and legal regulations, which has left the level of bitcoin at $ 5,860. In addition, it has dragged with it other cryptocurrencies such as Litlecoin, Ethereum or Ripple, which are also on their way back in June alone more than 20%.
The truth is that the semester has been marked by a decrease in demand motivated by an unstoppable crisis of confidence in the security of transactions with bitcoin, after the 'hacking' of several exchange houses in South Korea and Japan. This has coincided in time with the warnings from central banks and regulators around the world regarding the potential for losses that may be incurred by the critics, in addition to their possible fraudulent use in illegal operations or money laundering.
So things, bitcoin, which has been described this year as "a speculative bubble" by the Nobel laureate in Economics, Robert Shiller, is left in the exercise around 60% and offers increasingly worse prospects for recovery. The $ 6,000 is, for many analysts, a relevant technical reference, and its sustained loss could bring prices to the environment of $ 3,000, which is the minimum of October last year.
In the very short term, there is still minimal hope that bitcoin will support the $ 5,550, which is the minimum level of November 12, a level that is practically within reach. The problem is that all this bearish movement is also coinciding with a significant drop in operator volume in critpomonedas, which is not a good omen to wait for the rebound because it reflects the lack of interest of many investors.
