On the morning of January 11, the bitcoin rate showed a significant decline – the quotes fell by 17% from yesterday’s levels, after a slight rebound, the price fell below $ 33,000.
The activity of Asian traders led to a drop in the bitcoin rate. After breaking through the resistance of $ 34,000, the BTC rate briefly returned above this level, but then fell to almost $ 32,000. Analysts expect that if the bearish pressure does not increase and Bitcoin remains above this level, then it is worth preparing for a new wave of growth.
“Corrections happen in any market. This is a natural and healthy process. Just do not forget about the possibility of such a fall when you dream of a “native”. Hold your positions and everything will be fine, because Bitcoin is a long-term investment, ” said analyst and trader Michael van de Poppe on Twitter.
Against the background of the fall in the rate of the first cryptocurrency, the main altcoins also fell. The capitalization of the cryptocurrency market fell below $ 1 trillion and at the time of publication is $ 966 billion. Recall that the market capitalization exceeded this significant level on January 7.