Bear Trend Will Continue On The Cryptocurrency Market Until The End Of 2019 – Chinese Analysts
Cryptocurrency analysts from china are confident that throughout 2019, the bear trend will continue on the market.
According to the post of news of beijing news, the experts called 2018 failed for bitcoin, comparing it with «black hole». At the same time, according to analysts, the pressure on the first cryptocurrency is only enhanced, so the rally «digital gold» perhaps possible. In their opinion, for at least 12 monhs, bitcoin will not grow.
On january 8, 12:18 on msc, according to the coinmarketcap resource, the cost of bitcoin is $ 4019. The amount of market capitalization of the first cryptocurrency – $ 70.2 billion.
Analyst xiao lei is confident that the takeoff of bitcoin’s price at the end of 2017 only demonstrated the instability of the coin and cryptosphere as a c.
In turn, another expert huang liang believees that the rally, which was observed in december 2017, – just the result of entering the market of new players. They intereted in smart contracts, blockchain technology and ico. However, this provoked an increase in the number of fraulent projects from which many investors were injured.
However, representatives of sarson funds – independent crypto investment tool provider – sure that soon comes «great day» for bitcoin.