Is Bitcoin done crashing? Have we seen bottom today?

26 Nov, 2018
by Joeri Cant
News
Is Bitcoin done crashing? Have we seen bottom today?

Who would have believed you when you would have said that Bitcoin would drop to current levels of $3,700, just a few months ago? However, the reality is what it is and we have seen that the $6k was not the bottom, not even close to it.

The next level predicted was $4,500, and that wasn't bottom either. Then we saw it drop below $4k for the first time since September 2017, all the way down to its intraday low at $3,466.

However, today we might have seen bottom, because Bitcoin bounced back to $4,120, to level out around 4K, while bringing along the altcoins for the ride.

The bear market has been predicted to last a good while into 2019, however, the unexpected Bitcoin Cash hash wars might have accelerated the process of reaching that bottom.

These latest BTC levels were expected to be seen, but not until mid next year, so the next few days and weeks might show if this is indeed a bottom.

The largest crypto by market capitalization and price, is showing gains of more than 3% and is currently valued at $4,000 per coin.

The crypto community is showing signs of excitement and optimism.

However, it might be too soon to call bottom. As Nye The Crypto Guy says, don't rush into anything and be cautious.

Many are convinced that we are not at bottom. Not by a long shot.

What do you think? Have we seen bottom? let us know in the poll below.

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Read more about: Bitcoin (BTC)

Poll

Have we seen bottom today?

(26 votes)

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