Monday, December 17Your Daily Bitcoin & Altcoin News Portal

Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400

CryptoGirl

Please share if you find this article interesting.

Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400

When an overwhelming number of cryptocurrency investors thought it couldn’t get any worse, it did.Bitcoin (BTC), after falling under $5,800 on November 14th, continued lower on Monday and Tuesday morning, moving under a multitude of supposed support levels at $5,000, $4,800, and, most recently, $4,400. Altcoins, save for XRP, followed close behind ‘big daddy Bitcoin’, posting similar losses of 15%, or even more in acute cases of ‘bear market bowel syndrome’.Keeping this tumultuous price action in mind, crypto investors have done their best to discern where this nascent market could be headed next. And sadly, a majority, like moths to a flame, have looked to bears for answers, as crypto bulls have all but vanished from the limelight.CNBC’s “Fast Money” Bearish On BitcoinEven before Bitcoin’s most recent stint lower, CNBC Fast Money, infamous for its cryptocurrency-related coverage, took to its international television soapbox to bash BTC’s prospects.

Go to Source

Author: Nick Chong

Found this article interesting? Kindly share it on Social Media.

Comments

CryptoGirl