Bitcoin Markets Undergo Heavy Market Correction Amid $6k Retest

Bitcoin prices have dropped dramatically over the past 24 hours dipping well below the $7000 support level to current figures of $6188 across a number of exchanges.

As seen on graphs below, prices have been dropping sharply as the bulk of investors find Segwit tokens are a thing of the past. While Bitcoin has faced the brunt of the force, the majority of cryptocoins’ including Litecoin and Ethereum have all grown with Bitcoincash becoming the biggest mover growing well over 30% within 24 hours !

bitcoin prices

To conclude, prices are set to drop further below the $5500 support level if $6000 is broken within the next 48 hours. Currently the trend is clear with short term signals all pointing towards a bearish trend reemerging as market correction takes place. While the Segwit drama is over it seems that much of the Bitcoin invested is moving into other cryptocurrencies such as Bitcoincash which has enjoyed its biggest bull run, reaching prices of over $1300 at the time of writing. Whilst the liquidity has remained within the cryptocoin ecosystem, Bitcoin has suffered the largest loss as prices move to pre-bubble figures. In the long run we could see a return to the $4300 – $4500 range by the end of the year.

General Consensus

It is advised that holders currently sell 2-3% of their portfolio as chances of a short term retest of the $6000 boundary are highly likely. This makes for a valuable opportunity to purchase cheaper coins as big Bitcoin applications are planned for the future by the like’s of CME and other Bitcoin futures providers – as we reported earlier.
You can sell or buy Bitcoin at Nigeria’s leading exchange, NairaEX, at market premium rates and have your Bitcoin delivered within a matter of hours !

Disclaimer: the article does not constitute trading advice, as such BTC.NG or the author can no take responsibility for financial loss incurred during trading. Please trade responsibly remembering that losses can exceed deposits !

Written By

Hi I'm Aleppo Allesadero a experienced bitcoin user and educator. Having worked for over a year in the bitcoin journalism ive seen bitcoin grow from strength to strength asserting its power against fiat currency. Hopefully you too can learn about this exciting new prospect which may help transform the way we see finance and economy on a daily basis.

157
Leave a Reply

avatar
157 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
146 Comment authors
MichaelpatMarkHugLisaHugMaryHugMarkHug Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Richardneeva
Guest
Richardneeva

viagra from india where can i buy viagra over the counter
over the counter viagra

Terrylep
Guest
Terrylep

cheap ed pills ed drug comparison
cheap ed pills from canada

Terrylep
Guest
Terrylep

ed pills online cheap ed pills
buy ed drugs

Terrylep
Guest
Terrylep

cheap ed pills cheap ed pills from canada
ed pills without a doctor prescription

BillySkAva
Guest
BillySkAva

order trimox online: cephalexin capsules
generic floxin

Michaelbew
Guest
Michaelbew

best india pharmacy: overseas pharmacies shipping to usa all generic meds from india

Michaelbew
Guest
Michaelbew

trusted india online pharmacies: india pharmacy without dr prescriptions best india pharmacy

RobertrhypE
Guest
RobertrhypE

ed pills: https://edpillsonline24.com/# kamagra pills

RobertrhypE
Guest
RobertrhypE

cialis pills: https://edpillsonline24.com/# cialis ed pills

RobertrhypE
Guest
RobertrhypE

best erectile dysfunction pills review: https://edpillsonline24.com/# ed pills

MichaelUndip
Guest
MichaelUndip

viagra generic: non prescription viagra buy viagra online without prescription

MichaelUndip
Guest
MichaelUndip

online viagra prescription: viagra without a doctor prescription viagra prescription

Claudcog
Guest
Claudcog

amoxacillian without a percription: cheap amoxicillin – amoxicillin 500mg capsules uk

Claudcog
Guest
Claudcog

where to buy diflucan 1: diflucan tablet price – diflucan pill uk

MyronBrots
Guest

singles near you
[url=”http://stfreeonlinedating.com/?”]online dating service [/url]

MyronBrots
Guest

free local singles
[url=”http://stfreeonlinedating.com/?”]good free dating sites [/url]

Claudcog
Guest
Claudcog

generic amoxil 500 mg: buy amoxicillin – buy amoxicillin online uk

Claudcog
Guest
Claudcog

diflucan 200mg tab: buy fluconazole – diflucan capsules 100mg

PierreOptit
Guest
PierreOptit

https://metforminst.com/# metformin er 500 mg

Jamesspeem
Guest
Jamesspeem

can i buy valtrex over the counter uk: valtrex – valtrex over counter
propecia witout prescription

Jamesspeem
Guest
Jamesspeem

valtrex best prices: cheap valtrex – how to get valtrex without a prescription
propecia where to buy

Jamesspeem
Guest
Jamesspeem

generic propecia for cheap without precscription: buy propecia – propecia cheap
cheap propecia online

Jamesspeem
Guest
Jamesspeem

where to buy ventolin generic: ventolin for sale – ventolin otc nz
where to buy propecia

Jamesspeem
Guest
Jamesspeem

tadalafil pills: tadalafil 20mg best price – tadalafil india pharmacy
propecia cost

Jamesspeem
Guest
Jamesspeem

propecia.com: generic propecia – propecia.com
finasteride buy online

Georgehob
Guest
Georgehob

best ed drugs: ed drugs – natural ed medications
male erection pills

Georgehob
Guest
Georgehob

best ed drug: ed drugs – how to cure ed
best pills for ed

RaymondNib
Guest
RaymondNib

italian pharmacy online ed pills – good pill pharmacy
online canadian pharmacy

Javiercip
Guest

tinder website , tider
[url=”http://tinderentrar.com/?”]tinder sign up [/url]

Williamzet
Guest
Williamzet

cialis tadalafil portugal: can i buy cialis online – buy cialis ebay

Williamzet
Guest
Williamzet

order original cialis online: erectile dysfunction pills – buy cialis united kingdom

Williamzet
Guest
Williamzet

viagra for sale: viagra 100mg – viagra pills
viagra cost

Javiercip
Guest

tinder dating app , tinder app
[url=”http://tinderentrar.com/?”]browse tinder for free [/url]

Williamzet
Guest
Williamzet

generic viagra overnight: buy viagra online – real viagra without a doctor prescription
canadian viagra

CharlesununD
Guest
CharlesununD

buy cialis online cheap: where can u buy cialis buy cialis with paypal
buy cialis online at lowest price

CharlesununD
Guest
CharlesununD

buy cialis philippines: п»їhow much does cialis cost with insurance cialis 20mg low price
buy cialis online cheap

Elbertjep
Guest
Elbertjep

how to order doxycycline: cheap doxycycline – doxycycline 100mg capsules

Elbertjep
Guest
Elbertjep

buy ivermectin cream: ivermectin buy nz – ivermectin

Elbertjep
Guest
Elbertjep

ivermectin 3 mg: buy stromectol – stromectol otc

Georgeembed
Guest
Georgeembed

cialis original for sale: cialis 20mg usa how to buy cialis online from canada
generic cialis canadian

Georgeembed
Guest
Georgeembed

where can u buy cialis: buy cialis toronto buy cialis philippines
cialis 20mg usa

FelixOweme
Guest
FelixOweme

cialis in europe – buy cheap cialis uk buy cialis united kingdom

FelixOweme
Guest
FelixOweme

cialis vs viagra online viagra – buy generic viagra online

FelixOweme
Guest
FelixOweme

order viagra online viagra for women – over the counter alternative to viagra

FelixOweme
Guest
FelixOweme

canada cialis online – cheap generic cialis buy cialis rush

Howardbon
Guest
Howardbon

buy cialis online at lowest price can i buy cialis online buy cialis 36 hour

Howardbon
Guest
Howardbon

buy cialis now buy cialis ebay buy cialis shipping canada

Howardbon
Guest
Howardbon

safe buy cialis buy cialis canadian buy cialis online generic

Howardbon
Guest
Howardbon

how to buy cialis online uk buy cialis 36 hour generic cialis daily pricing

Altonlew
Guest
Altonlew

buy generic valtrex cheap valtrex over the counter usa – valtrex 500 india