After the 10K support line been broken, BTCUSD is following the logical and natural trajectory down to more appropriate pricing levels compared with the other alt-coins and the evolution of Blockchain. The professionals, regulators and analysts are now more aware of what Bitcoin is and they already realized its price was following a manipulative and bad speculative trend. 2018 is already an year that people getting into the crypto world will be more protected against the evil market speculators. Bitcoin failed to become the safest and strongest economic asset and there will probably be others ascending with a more decentralized, fast, cheap and accessible for adoption among real businesses. Bitcoin failed to keep its position there due to already expected flaws in the applied concept and obsolete of mining and energy consumption. Before it gets to the bottom and it gives opportunities to other ideas, many events should happen, specially by fighting against the interest of huge groups that made tons of money in its boom. But the descend has already started and its easily seen by using technical analysis.
Keep following up this idea here where I intend to post more in the comments below according to the evolution of all this.
Keep following up this idea here where I intend to post more in the comments below according to the evolution of all this.
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The evolution of BTCUSD is now updated here in this chart:
