Bitcoin Fall is the necessary correction to continue dynamic growth. Such a reason for reducing the cost of the first cryptocurrency called the Credible trader in its Twitter -Kackown.
According to the analyst forecasts, the Bitcoin rate is in the phase of healthy correction and will fall to 52-53 thousand dollars in the near future. However, the trader is confident that in the future the most popular cryptocurrency will exceed 70 thousand dollars. Credible argues his mind that every bitcoin growth cycle lasts longer than the previous one, so the mark of 69 thousand dollars is not the highest indicator.
On the eve, November 18, Bitcoin sank in price to 57.3 thousand dollars – this is an anti-advertord from October 28. At the time of writing news, the course of the most popular cryptocurrency has declined again, losing 4.19 percent per day. Bitcoin trades at a price of 56.9 thousand dollars. At least a day amounted to 55.6 thousand dollars – to such a value the first cryptocurrency was last descended October 13.
Bitcoin’s cost began to fall on the background of news that China will strengthen the fight against cryptocurrency. Among possible measures – an increase in electricity tariffs for those who continue to prey coins, despite the ban of the authorities.