“The fall of Bitcoin by 30% is nonsense.” Why the rate of cryptocurrency still grows.

"The fall of Bitcoin by 30% is nonsense." Why the rate of cryptocurrency still grows.

Number of unique daily bitcoin (BTC) wallet addresses reaches 1 million

Trader Peter Brandt called the recent depreciation of the cryptocurrency insignificant against the background of asset corrections in 2015-2017.

A drop in the cost of Bitcoin from $ 13,770 to below $ 10,000 in five days will not prevent its further growth, trader Peter Brandt believes. He compared the current situation with the corrections that occurred in the digital money market from 2015 to 2017, when in the end the main digital coin set a historical maximum of $ 20,000.

“The recent Bitcoin correction of 30.5% is insignificant compared to multiple price drops during the parabolic phase of 2015-2017,” wrote Brandt.

The user with the nickname FTraderX agreed with him and attached a graph with the current parabolic growth phase. The commentator hinted that in the near future the price of Bitcoin may increase dramatically.

 

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About Shawn Morrison 203 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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