Today, June 24, the price of the first cryptocurrency continued its rapid decline, breaking the support level in the region of $ 6000.

As you can see on the chart below, bitcoin is currently trading at the levels recorded in the second decade of November last year (around $ 5820):


https://forklog.com/wp-content/uploads/Weekly-13-1024x498.png


Against the background of the update of the minimum in 2018, even more significant decline was demonstrated by altcoins.


https://forklog.com/wp-content/uploads/cap-15-1024x810.png


Total market capitalization of crypto-currencies currently stands at $243 billion market Capitalization of bitcoin of $101 billion; index of dominance — 41,6%.

According to the Twitter account Trading Room, there is nothing wrong with what is happening — the price of bitcoin has already fallen by 90%, and then recovered. The next support area is in the $4500-5400 range.


Recently, fundstrat analysts have expressed the opinion that even if the bitcoin price reaches $3200, it will not break the long-term uptrend.



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