August 14 2018 18:24 UTC
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Bitcoin $BTC Forecast
on Tuesday August 14 2018 18:24 UTC
The crypto pundits say: “bearish/bearish/bearish/”.
All three experts weigh in bearish today. Possibly the best news is that support is seen not far away, although the longer term prognosis of one expert is bleak.
Omkar Godbole points out that $BTC is one of the better performing coins of the top 100, as investors shred their alt portfolios and move into bitcoin. Many alts suffered double digit losses overnight, according to CoinMarketCap. TenX recorded a 8.78% upwards jump – it was exceptional as the altcoin market plummets. Even Ethereum took a -11.76% hit to $257.63 on a volume of $2,012,367,517 in twenty-four hours.
With the bears firmly in control, and emboldened by the successful descent, look for more downwards pressure and new 2018 lows.
Today’s $BTC Metrics
Bitcoin Market Report: $BTC Crashes to Quarterly Low
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The author holds Bitcoin $BTC at the time of writing.
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This report was generated on Tuesday August 14 2018 18:24 hours UTC.
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