Bit-comment: Bitcoin price slides down, falling to stick above $12K

On Saturday, the BTC stopped fighting for the threshold of $12K, declining sharply to the lower limit of $11K, stabilizing at $11,400 by Monday morning. Bitcoin price fluctuations remain sharp but occur in a narrower range with a slight decrease in trading volumes. By the end of the year, we will have a number of news triggers that may determine the fate of the cryptocurrencies, including the launch of delivery futures, the decision of Facebook to launch Libra, the entry of Telegram’s cryptocurrency into the market, as well as the likely launch of the “national cryptocurrencies”, especially by China, which, according to the PBoC officials, is at the final stages of development.

The FxPro Analyst Team