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Any bitcoin revival is pending while the world's best-known cryptocurrency price returns below $ 4000.
After bouncing over 20% of his bass, bitcoin
BTCUSD, + 0.39%
he surrendered almost half of the gains and the last trade was $ 3,988.91, down 5.2% from Thursday to 17:00. Eastern Time on the exchange of Kraken cryptocurrency. At the start of the session the bitcoins were trading at an intraday low at $ 3,893.31.
To read: If history repeats itself, this chart will awaken the bitcoin bulls
What the strategists say
Analysts at FX Pro Insights, a UK-based research company, said that selling over $ 4000 is very likely that short-term traders would book profits. "The real question is: has the cryptography market really reached the bottom?" They wrote.
"Many market participants have decided to take an optimistic approach and BTC's decline to $ 3500 has been an important support for cryptocurrency, in this context it should be noted that speculators may soon begin to profit from this trend, that could trigger a new wave of sales, "wrote FX Pro Insights analysts.
To read: Bitcoin is on track to do something he has not done in 4 years
Altcoin stumbles again
Altcoin, or coins other than bitcoins, were on track for consecutive losing sessions. Ether
ETHUSD, + 1.05%
it was down 2% to $ 112.80, Litecoin
LTCUSD, + 3.00%
fell 4.8% to $ 31.50, XRP
XRPUSD, -1.76%
it slipped between 4% and 36 cents, and Bitcoin Cash
BCHUSD, -3.01%
it is 2.3% off at $ 172.40.
Bitcoin futures are trading lower on Friday. The December contract for Cboe Global Markets
XBTZ8, -5.01%
ended the session down 3.8% to $ 3.935 while the December CME group contract
BTCZ8, -6.71%
fell 5.7% to $ 3.90.
To read: Hunker, owners of crypts, because the worst is yet to come: Fred Wilson
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