Tag: bitcoin rate

    Andrey Grachev’s forecast about the fall of bitcoin coming true


    Robert Kiyosaki What will cause Bitcoin to CRASH – Robert Kiyosaki Bitcoin Prediction 2021 Rich Dad

    Andrey Grachev, vice president of RACIB for trading and representative of Huobi in Russia, almost 1: 1 predicted the recent collapse of the crypto market in the summer and gave a forecast regarding his future behavior.

    After the decline in the bitcoin (BTC) rate to $ 5800 at the end of June, BitCryptoNews asked Andrey Grachev to share his vision future developments in the market. The expert said back then:

    «A partial recovery should take place in the near future, but the minimum will only be reached in the fall.».

    Then he described the course of events almost accurately. According to him, after fluctuations in the BTC rate in the range of $ 6000-6600, a collapse is likely to occur, which will accompany «strong and sharp impulse», after which the price will stabilize at $ 5600. Further, depending on the market sentiment, Bitcoin will slowly descend to $ 3500 or start moving to $ 7000–8000.

    In view of the recent changes, we decided to ask an expert if the launch of new derivatives based on virtual currencies could change the market situation, to which Andrey Grachev replied:

    «Derivatives can give impetus to the popularization of cryptocurrency assets among professional players in the financial market».

    He also noted that derivatives will have only an indirect impact directly on the crypto market itself, since attracting people to direct participation will require a large information flow associated with this news..

    Andrey Grachev's forecast about the fall of bitcoin coming true

    Other experts were also inclined to believe that Bitcoin has yet to survive a fall in the fall. According to analysts, the loss of the $ 6,000 support level is a dangerous sign, especially for customer-focused companies in the crypto industry..

    Fundstrat’s Rob Sleemer says the sharp drop has pushed the market into oversold territory, and at current technical levels, it may take weeks or even months to recover. In his opinion, only after the formation of a sufficiently strong structure can the possibility of further growth be considered..

    Additional «rocking» Cryptocurrency market could spark economic wars between competing internet networks resulting from Bitcoin Cash hardfork.

    text: Ivan Malichenko, photo: CurrentEvents247, avatars.mds

    Andrey Grachev's forecast about the fall of bitcoin coming true


    The bitcoin rate dropped to $ 3590. The crypto market has experienced a moderate decline

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    The Worst Bitcoin Crash In History Is Coming (Tesla Selling)

    Over the past 24 hours, the cryptocurrency market experienced another decline, as a result of which its capitalization decreased by 3.8%, and the bitcoin price dropped to $ 3590.

    In the second half of Sunday, there was a sharp collapse of the crypto market, reducing the total capitalization from $ 124.2 billion to $ 119.5 billion, but this is still almost $ 2 billion more than last Monday. Over the past 24 hours, the bitcoin (BTC) rate has fallen by 3.78% and at the time of this writing is $ 3595. Although the current value is still relatively far from the December low, and the current value is even slightly higher than exactly a week ago. Some analysts say that in the absence of significant positive developments, investors are waiting for another powerful rebound to enter the market..

    Altcoins also showed a moderate decline. Most cryptocurrencies have lost 3-6% of their value. During the day, the ripple rate (XRP) decreased by only 2.77% and is $ 0.321. Ethereum (ETH) against the background of the next transfer of the hard fork, the project suffered a more significant loss of 5.58% and is now trading at $ 117. Bitcoin Cash (BCH) and EOS Prices Drop 5% & 4.7% up to $ 123 and $ 2.36 respectively.

    The bitcoin rate dropped to $ 3590. The crypto market has experienced a moderate decline

    By the end of the week, the situation on the virtual currency market improved slightly, although there is a general sideways movement and an increase in volatility. Alexey Kiriyenko, Managing Partner of EXANTE, believes that in general, today’s levels are very attractive for entry, because the market has lost 90% of its capitalization. All this money has not gone anywhere, most of it is waiting for a new entrance. Adding that 2019 will feel like halving is approaching, starting in the summer, when active discussion will drive the price up..

    The long-term success of a cryptocurrency largely depends on its technical capabilities, so our columnist Dmitry Tokarev analyzed the activity of teams of leading projects at Github.

    text: Ivan Malichenko, photo: istock, graphic: coinmarketcap

    The bitcoin rate dropped to $ 3590. The crypto market has experienced a moderate decline