Yesterday, the flagship cryptocurrency rate dropped below $ 11,000, today the rate has dropped to $ 9,800. None of the top 20 altcoins shows growth.
Some market analysts predicted a 40 percent correction in the BTC market after the cryptocurrency reached a maximum of $ 13,900. Apparently, their assumptions may be true, since Bitcoin continues to lose in price. So, yesterday, popular trader Josh Ranger noted that $ 9,715 is a 30 percent correction for BTC. He also added that the four-digit figure does not mean that things are bad with BTC, in the long term, the bullish trend continues.
$ 9715 will be the 30% pullback mark for $ BTC
Josh Rager (@Josh_Rager) July 2, 2019
Note that the day before, according to data from holdcalc.com, it became known that Bitcoin as an investment remained profitable 98.2% of the days since its inception. During 3,671 days of BTC existence, the coin remained profitable for investment, the remaining 69 days are not profitable, they fall on the period of the end of 2017-beginning of 2018, when the BTC rate reached a historic maximum. The “loss-making” period of time was also observed in the current year, when the price rose to $ 14,000 – the period from June 25th to 29th.
Meanwhile, some analysts predict a rise in the Bitcoin rate to $ 50,000- $ 100,000 in the long run. Among them: the strategic director of Binance, Hiring Aslam from ThinkMarkets, Tom Lee, Peter Brandt. More details about this can be found here .
