Crypto markets hit 13-month low – Black Friday for investors?

Crypto markets with most currencies, including Bitcoin, Bitcoin Cash, Ethereum, Monero etc, all hit 13 month low recently. Bitcoin has been pretty stable at $6,000-$6,500 for some time now, but broke the resistance at about $6,000 and is currently trading at $5,033.

FX Street recently wrote that Tim Draper said Bitcoin will be worth $250,000 year 2022, but at the moment that seems far, far away. Almost like in a different galaxy. If the crypto currency goes below $5,017 another fall down should be expected according to technical analysis.

What do you think, should we seen an escalation in the price collapse or should we expect a jump back to $6,000? Is this a Black Friday for the crypto currency investor?

1 thought on “Crypto markets hit 13-month low – Black Friday for investors?

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