In our “Analytics” section, we analyze cryptocurrency market trends, price movements, and key developments in the blockchain industry. Here you will find expert insights, market forecasts, and breakdowns of major crypto events that influence Bitcoin, Ethereum, and other digital assets. Read the “Analytics” section on ForkNews to better understand the crypto market and make informed decisions.
Let's understand causes and consequences. Determining the reversal level
The market is preparing for a “synchronized reversal”
Experts are noting surprising similarities between crypto and market routes this week.
Cryptocurrency continues to drain investors' capital, with the price of bitcoin plunging to its lowest level since October and rising again as concerns about tighter regulation from US authorities and other central banks drive traders out of the market after a rough start to 2018.
Yesterday, the prolonged growth of stock market indicators gave way to a significant correction and decreased on average from 3.8 to 4.6 percent, and the fall of the leading cryptocurrency pairs, on the contrary, demonstrated a correction to recovery by approximately 20%.
Yesterday, all cryptocurrency pairs continued to fall. Today the price should meet the support level and consolidate a little
Yesterday, goals for the near future were set. The forecasts have not changed. We publish yesterday's forecasts combined with current price charts for three cryptocurrency pairs and monitor the movement towards target levels.
Experts agree that the future of cryptocurrency will largely depend on whether it is accepted as regular payments from leading online retailers. There is reason to believe that it will.
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