Categories: Crypto Review

Bit-comment: Sharp selloff for Crypto after buying lose momentum

On Friday morning, the benchmark cryptocurrency loses more than 9% and trades around $7,300. Within a few hours, the BTC fell by more than $1400. Market participants, apparently, do not have excessive patience with respect to Bitcoin. Unsuccessful attempts to grow above $8,000 resulting in increased pressure. As a result, a resistance zone around $8,000 was formed, which BTC failed to pass in July 2018 and stumbled over it the day before.

The number of supporters of the new wave of growth was not enough to continue to fuel the non-stop rally. The decline of Bitcoin covered the entire altcoin market, whose losses by Friday morning exceeded 10%.

The FxPro Analyst Team

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

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The FxPro Analyst Team
Tags: Bitcoin

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