Crypto Market Recovers, But Could Bitcoin Price Fall to $4,800?

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After recording one of the worst sell-offs in all of 2018, the crypto market has experienced a minor corrective rally, adding $8 billion to its valuation.

The Bitcoin (BTC) price is approaching a resistance level at $5,600 , a minor resistance level BTC will have to surpass to potentially re - enter the $6,000 region. Since August , BTC had defended the $6,000 support level ,which has since turned into a major resistance level. Hence , if NYC initiates a corrective rally throughout the next three to four days to the $6,000 level , then it will be possible for the dominant cryptocurrency to end 2018 with a positive note.

However, if BTC struggles to breakout of the $6,000 level, then it will be difficult for the market to escape its low price range by the end of 2018.

Bitcoin Downtrend Still Possible

A further downward movement by Bitcoin is still possible from the mid -$5,000 zone. Cryptocurrency trader and technical analyst DonAlt said that BTC had a decent daily movement on November 16, but it will need to show some momentum in the high $5,000 region to confirm a positive short-term movement.

“It’s been a good day for BTC. That doesn’t change the fact that we’re approaching resistance. On the charts are the three setups that I’d be willing to trade. S/R flip or rejection on red, long green or just a straight up nuke from here.”

Crypto Rand, a respected digital asset analyst, stated that a fall to the $4,800 to $5,000 range is possible, given that technical indicators have not shown any signs of a bottom.

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Almight BRB +5.0 (≈ $ 2.5)
子夕 BRB +2.0 (≈ $ 1.0)
Sinn47Mocin BRB +1.8 (≈ $ 0.9)
Almight CARROT +20.0 (≈ $ 0.01506691)
MNewlife VNS +5.0 (≈ $ 0.00776689)
MNewlife CARROT +5.0 (≈ $ 0.00376673)

没觉得有recover啊,哈哈

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charmmytashi BRB +0.2 (≈ $ 0.1)
Paps26 CARROT +0.00001 (≈ $ 0.00000001)

I hope btc ll not drop further 

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charmmytashi BRB +0.2 (≈ $ 0.1)

no way pleasejoy hope btc will bounce back and moon again

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charmmytashi BRB +0.2 (≈ $ 0.1)

wow, btc, hahahaha

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charmmytashi BRB +0.2 (≈ $ 0.1)

moon please

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charmmytashi BRB +0.2 (≈ $ 0.1)

dont dip more sob

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charmmytashi BRB +0.2 (≈ $ 0.1)

@Almight #3

no way please hope btc will bounce back and moon again

 Yes, me also hope it can bounce back to 20k

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@charmmytashi #7

@Almight #3no way please hope btc will bounce back and moon again Yes, me also hope it can bounce back to 20k

 yeah, cause if btc goes moon, so do the altsheart_eyes

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charmmytashi BRB +0.2 (≈ $ 0.1)

@jacktro #6

dont dip more

 Okok..Don't cry , jus prediction haha

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@Carlito #5

moon please

 Yes, all of us hope it will go to moon soon .

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@charmmytashi #9

@jacktro #6dont dip more Okok..Don't cry , jus prediction haha

 if dumps happens again, better make a withdraw of money and buy more btcheart_eyes so if it pumps, u gain more. if it dips more and more then your deadjoy

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@Chen #1

没觉得有recover啊,哈哈

 没有这样快可能要明年三月过后吧

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@Pemo168 #2

I hope btc ll not drop further

 Yes, me also afraid of btc will drop further more 

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@Lisa@BitRabbit #4

wow, btc, hahahaha

 Thank you for your support .

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@jacktro #11

@charmmytashi #9@jacktro #6dont dip more Okok..Don't cry , jus prediction haha if dumps happens again, better make a withdraw of money and buy more btc so if it pumps, u gain more. if it dips more and more then your dead

 Yes, you should keep some of the money .Try to balancing your investment and don't put all the eggs into one basket . Haha.

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Hope btc go to moon again 

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charmmytashi BRB +0.2 (≈ $ 0.1)

@Dragon #16

Hope btc go to moon again

 U need hold your btc and wait for next year .

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@charmmytashi #15

@jacktro #11@charmmytashi #9@jacktro #6dont dip more Okok..Don't cry , jus prediction haha if dumps happens again, better make a withdraw of money and buy more btc so if it pumps, u gain more. if it dips more and more then your dead Yes, you should keep some of the money .Try to balancing your investment and don't put all the eggs into one basket . Haha.

 so trueheart

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charmmytashi BRB +0.2 (≈ $ 0.1)

@charmmytashi #10

@Carlito #5moon please Yes, all of us hope it will go to moon soon .

 we need good newsgrin and less FUD

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@Carlito #19

@charmmytashi #10@Carlito #5moon please Yes, all of us hope it will go to moon soon . we need good news and less FUD

 Yup ! Is true .

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@Almight #8

@charmmytashi #7@Almight #3no way please hope btc will bounce back and moon again Yes, me also hope it can bounce back to 20k yeah, cause if btc goes moon, so do the alts

 Thank you for your support and rewards 

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BTC, we all depends on you !!! 

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charmmytashi BRB +0.2 (≈ $ 0.1)

@MNewlife #22

BTC, we all depends on you !!!

 Haha..Better don't do like that .You shouldn't put all your investment in btc .

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哈哈哈,看不懂,只看到Btc

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charmmytashi BRB +0.2 (≈ $ 0.1)

@123木头人 #24

哈哈哈,看不懂,只看到Btc

 哈哈。。没关系。来挖矿就行了

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虽然看不懂写的什么,但能感觉到一股强大的气场扑面而来。

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charmmytashi BRB +0.2 (≈ $ 0.1)

@不要太忧郁了 #26

虽然看不懂写的什么,但能感觉到一股强大的气场扑面而来。

 你能量也很强哦,会被吸来这里。哈哈😄

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据说比特币会涨到10万美刀一枚。

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点赞支持

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charmmytashi BRB +0.2 (≈ $ 0.1)
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