Bitcoin price continues to fall below $38,000 and has already begun its new decline. His price started dropping to $37200 just a couple of hours ago. If it is openly clear that his price will be $34000, in which case we should see an increase in the next day
On the other hand, we are seeing good movement in most other coins. ETH/USD holds a stable price of $1150, but also they may face a price of around $1250.
After another drop to nearly $38,000, the bitcoin price launched a new wave. Bitcoin has clawed its way below $37200 and even $36500 per coin. It has also broken the bar below $35500 and it looks like we could see the price below $35,000 in the near future.
The main drop has now locked in at a price of $34,000. A really close price below $34,000 could lead to a further drop in subsequent sessions.
The price of Etherium.
The price of Etherium holds a position above $1,150 and $1,165 per coin. Etherium is stuck between above $1,150 and below $1,250. If the market trades more actively to the point where the price jumps above $1,250 and $1,265, there is every chance of reaching a price as high as $1,300.
On the bad side, the weekly market review displayed a price of $1,150, and the worst-case scenario could be a price below $1,000 for entry.
Other altcoins market today
In the last few hours, several altcoins are up more than 8%, including ZEN, GRT, CRV, OCEAN, KSM, and REN. Of them all, ZEN is up 30% and has continued its rise of more than 60% in the last week.
To summarize, the bitcoin price is showing some negative signals below $3,500 and $3,7200. If the price drops below $34,000 we can safely expect a rise in the next few days.
Please note: purchasing or selling Cryptocurrency carry significant risk. Prices can fluctuate at any time.
Because of such fluctuations, Cryptocurrency may gain or lose value. This is your responsibility on how to handle your own assets.