1 day ago · The broader crypto market has entered a strong correction losing 4% or $34 billion over the last hours. While Bitcoin (BTC) takes a dive below $23, levels, it still continues to extend its dominance in the market. At press time, BTC is trading at $22, with a market cap of $ billion and a massive 69% market dominance. Nov 14, · Bitcoin has since recovered a bit and it currently trades at around $15, It’s interesting to see whether or not it will continue dumping or if this was the correction before the next leg up. BTC/USD. Source: TradingView Altcoins Follow Suit. For the largest part, Bitcoin’s dominance has remained unchanged and it still rests at slightly. Bitcoin Begins First Major Bull Market Correction Since $10, Breakout The leading cryptocurrency by market cap shocked Wall Street and the rest of the world over the last few months. The asset has broken nearly every record related to it but fell just shy of breaking its all .
Bitcoin market correction historyIf History Rhymes, Bitcoin Will See Steep Corrections Before New Highs
ICO Review. Submit ICO Review. Editor's Pick. Share on Twitter. Share on Linkedin. Share on Telegram. Author: Sunil Sharma. Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. He has published more than articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success.
He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at sharmasunil and reach out to him at sunil at coingape. Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets.
He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. Post your comment Subscribe to newsletter. Currently, the cryptocurrency is on week twelve in a row without anything meaningful for a correction. Reading between the lines, Brandt is warning that a correction is coming and that buyers need to beware.
Crashes typically lasted less than a month in most examples. But why the recurring number when it comes to cryptocurrency bull market corrections? The answer can be found in mathematics, potentially. That range is a sweet spot for the 0. It is not clear why this mathematical relationship with price action exists but can be used strategically to find potential levels where support may exist and buyers could show up with strength. The level could be intuitively an attractive value to investors at that point, prompting the sudden interest.
Could you be next big winner? I consent to my submitted data being collected and stored. Instead of the initial over All Rights Reserved.