Bitcoin (BTC) fell short-term and collapsed at $3, 900. As of 7: 45 a. m. on the 12th, global bitcoin prices are buying and selling at 3, 876, down 2. 12 percent from 24 hours in the past.
Bitcoin has had a steady flow over the past few days at $3, 900, but has had a hard time surpassing the strong psychological resistance of $4, 000. After all, the company would seem to have turned downward under pressure.
"Bitcoin continues to struggle over and above the $4, 000 mark, which proves to be a strong amount of resistance that requires significant purchase pressure to escape conclusively as a result of high prices, " said NewsBTC, a news agency specializing in bitcoin, referring to this downward trend in bitcoin. "Despite the positive buying and selling behavior of bitcoin over the past few weeks, the total crypto-transaction volume has only increased significantly in bitcoin volume.
"Although transaction quantity is decreasing along with reduction in volatility, overall market will show greater volatility as we start to make bigger price changes for the near future, " said crypto Dog, an analyst at crypto-money.
"We are showing signs based on technical charts that there is pressure ì½”ì¸ë¦¬ë”©ë°© to buy Bitcoin. " said Filb, a famous Twitter analyst and trader, who predicted that if Bitcoin does not collapse beneath $3, 400, it could surpass $5, 000 by May.
Meanwhile, base on to the Korean Media Coingape, Bitcoin's strong-sector and Gemini's cryptographic foreign remuneration exchange Winklevoss recently interviewed CNN in the U. S. saying that will money is the oldest and most powerful social network in your future, and that the most positive social networks will be founded.