Hello everyone,
The current price of Bitcoin is currently $3430, with 24 hour volume leveling around 6.6 billion USD.
Bitcoin’s price has fallen by, roughly, 4% in the last 48 hours, wiping off another 7 billion USD from the total market cap of crypto.
The volume increase that occurred in accordance with the most recent dump validates our market assessment made last week .
It does not seem a good idea increase crypto exposure due to the inability for bulls to push $BTC above 4k. Furthermore is look like support between $3330-$3400 is the last major line of defense before 2018 lows are broken. The belief is that the market will still see more downside ensue in the coming days/ weeks and that the current bear market has yet to reach its low.
The DCA strategy still looks the best bet as more downside continues. It will also be a good time to buy $BTC below 3k. The prospects of buying $BTC at prices sub 3k could become a generational opportunity in the coming years.
Our current sentiment leads us to believe that support at $3k will be beaten. It does look good for buyers in the $2600-$2900 region. This is the zone just under the trough of the sell-off caused by the China FUD from September 2017 (see chart below).
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If you were in to HOLO, you would not be in loss, greetings from Ambr!
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With the drop since the last year , ive been doing decent with DCA
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Keep up the good work @onepagex
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by supsnehal from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
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Nice, you got an awesome upgoat, thanks to @supsnehal
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