[ad_1]
Stabilized for several months, the price of bitcoin has gone down in recent days, falling to less than 4000 euros. An expert in cryptocurrencies interviewed by CNBC ensures that its value will continue its descent until pbading under the cap of 3000 dollars, about 2600 €.
At the end of 2017, expert traders and amateurs, curious in search of easy money and contestants eager to use a decentralized currency are rushing on bitcoin. The course of the cryptocurrency is racing, crossing bearing after landing, 5000, 10.000, 15.000 and even 16.000 € at the moment when the craze had reached its paroxysm.
Quickly, the value collapses, each one withdraws its marbles, causing a vertiginous fall of the bitcoin exchange rate. In the months that follow, the value stabilizes gradually, oscillating between 5500 and 7500 €. Since this summer, the price of bitcoin has been around € 5,500, with very small market disturbances.
In mid-November, the course of bitcoin begins a new fall after several months on a quiet river, flirting with the bar of 3000 €, the lowest value recorded since September 2017. Last weekend, the cryptocurrency found a stable value in around 3500 €.
According to Michael Moro, trader in cryptocurrency, the value of bitcoin should begin a new descent before the end of the year. The expert ensures that the virtual currency would lose another 30% of its value, reaching a new floor at 2600 €.
Better to go his way and not take advantage of the decline to rush back to the virtual value, according to him. The decline pushes the weakest players out of the market, only long-term investors have the shoulders wide enough not to change their money into bitcoin, aiming instead for a revival of power in value in three to five years.
Source link
