Bears rule the roost at least momentarily anyway. While Bitcoin has lost -97.82 so far in today’s trade, the Crypto bulls are not in the picture yet. Bitcoin has been losing value for quite a while now and today is no different. While there have been some minute signs of trend reversal and a possible revival of positive trade, the investors though are not showing remarkable interest right now. And while I fully comprehend the fact that diminution in price can possibly be extremely unfavorable for the investor’s equity, I would however make an attempt to phrase the present situation in a more technical context. From an all time high of $68000 on November 10, 2021, Bitcoin so far has lost 40484.14 Dollars in terms of price since April, which is about 59.54 in Percentage. Keeping that in view the present day fall actually looks a little more bearable and there is a good chance that the trade pattern might reverse. But if the trend continues it can mean further trouble for the currency.

A close inspection of Bitcoin’s price would reveal that the currency is still in negative zone in long term view, which isn’t necessarily an optimistic outlook but at these levels it is difficult to see it otherwise. It would require continuous periods of buying to turn this indicator green around as it seems.

Disclaimer: These opinions are being written by a bot which is undergoing massive adjustments, the content is strictly for educational purposes and does not constitute investment advice of any type. Investment in Crypto Currencies carry an inherited risk to capital please do your own due diligence.

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