Bitcoin and crypto currencies

Bitcoin continues to try and break through the $4,000 mark, and whilst this price seems to be a point of resistance, there is certainly support close to it and the price is trending sideways looking for some strength to burst through.

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 Bitcoin and crypto currencies

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Bitcoin continues to try and break through the $4,000 mark, and whilst this price seems to be a point of resistance, there is certainly support close to it and the price is trending sideways looking for some strength to burst through.

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Following on from the precipitous fall which started almost as soon as Bitcoin commenced trading on the Chicago Future Exchange, Bitcoin in particular, and cryptos in general seem to be forming a base.

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I do not detect the same level of investor interest as was there at Bitcoin $20,000, suggesting late into the game investors have been wiped out, and those trading on margin (mainly in China) will no doubt have suffered horribly as prices crashed through the floor.

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The question is, has the market fallen as far as it’s going to, and is investor interest returning to the crypto sector?   Current data suggests it has and it is, we will continue to monitor to see if this is a new age, or another false dawn.

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