[2019-01-29]Bitcoin Price Close to $3,400: Where is the End of the Bearish Trend

[Vladdirescu87]

For the first time in 2019, Bitcoin’s (BTC) price has broken the $3,500 support level downwards laying a platform for talks and analysis of a new 12-month (annual) low in the coming days. Bitcoin has been struggling just above $3,500 for some good period of time since it corrected from a rapid increase over the $4,000 recently.

Cryptocurrency analysts believe that the surprise price plunge has more to do with technical factors rather than cardinal and fundamental factors.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/where-is-end-of-bearish-trend/

[Slow death]

For the first time in 2019, Bitcoin’s (BTC) price has broken the $3,500 support level downwards laying a platform for talks and analysis of a new 12-month (annual) low in the coming days. Bitcoin has been struggling just above $3,500 for some good period of time since it corrected from a rapid increase over the $4,000 recently.

The first months of this year will be very bad, the price is moving below  $3000 and this is not good

Cryptocurrency analysts believe that the surprise price plunge has more to do with technical factors rather than cardinal and fundamental factors.

and what are these " technical factors "?

Also, Bitcoin SV,  which traditionally traded inversely with Bitcoin, failed to repeat its previous behaviour, dropping 9% to around $66.80 — a 60-day low.

The news was about bitcoin, but they had to talk about another altcoin, I wonder why?

[btyco]

Because we don't give a hoot about Bitcoin SV and the only way to get people to notice is using click bait or tricking people into reading about btc, then veering completely off topic about bsv

[rodskee]

The news was about bitcoin, but they had to talk about another altcoin, I wonder why?
[/quote]



I think op promoting BITCOIN SV it's obvious they talking about bitcoin not other altcoins
The matter of fact lower than the price from the support level is only an speculation from the people
bitcoin is unpredictable didn't control by anyone out there
this current situation are creating low moral from the bitcoin holder
but for sure there was a time to pumping again the price of bitcoin