All Cryptocurrencies went down in market . WHY ???

in #bitcoin • 7 years ago

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Image Credit : Google Images

Only expert opinion matters here to find out the logic behind it . Many low volume investors are in dilemma that whether it is a good time to invest are not ? . Last day al big currencies went down including bitcoin, ethereum, ripple , litecoin etc.

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IMAGE CREDIT : Snapshot from Coinmarketcap

What you think of it ? What can be the possible reasons !.

Thanks,

#cryptocurrency #news #steemit
7 years ago in #bitcoin by
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     7 years ago 

    This is a simple correction after an almost parabolic move. Things need to quiet for a bit after do a new break out. Being patient and well prepared is the key.
    Also keep in mind that round number are usually a zone of resistance (5000$ for Bitcoin). I'm expecting market to go lower for the next days.

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