Bitcoin dropped in a matter of days from $6k to $4.5k. We will look at the current top 10 coin marketcaps of major cryptocurrencies such as Bitcoin, Ripple, Ethereum, Bitcoin Cash and Stellar. Furthermore, we will briefly check the bitcoin news from major websites before concluding a brief technical analysis of the chart: Using support lines, RSI and Fibonacci retracements we try to figure out what the future might bring. What do you think? Will Bitcoin recover or drop even more? How low will Bitcoin go?
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We look at major support levels and the crash below the $6000 line, the next support level and fibonacci retracement level seems to be $3000.