~29~May: Bitcoin is dropping again getting close to 7000$

in bitcoin •  7 years ago 


Hello steemians today is another sell of day for Bitcoin and this is even worst for the rest of the crypto.

It is obviously that another attack and manipulation on the bitcoin market from the big systemic players.

Let's look at coinmarketcap for more detail on Bitcoin.


The only good news is that daily trading volume start raising and I expect to bounce from the support level soon.

Bitcoin trading volume are around 5 billion dollars higher then yesterday.

Also Bitcoin dominance is rasing since yesterday and now is almost 40%  significant rise .

We will se how far it will go Bitcoin this time.

Good luck to all crypto traders  I wish you successful trades


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Great analysis! I believe the short term scenario for Bitcoin is still very bearish and that price will continue to fall until we are trading below the $6,900 region. Price has began to develop lower highs and lower lows after falling through the support level of $7,500 level. We could see price trade as low as $6,400 by the end of the month.

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thank you