Bitcoin Drops Down To The $17,000 Resistance While Altcoins Boom!

Bitcoin Drops Down To The $17,000 Resistance While Altcoins Boom!

Today bitcoin has continued it’s decline and is currently battling it out with the bears at the $17,000 level, meanwhile altcoins are seeing some huge gains. At one point today every single Crypto accept Bitcoin and Tether were in the green against the dollar.

Bitcoin maybe correcting, but the entire crypto market capital has not lost value, in fact it now sits at around $615 Billion, which is an indication that this current bitcoin sell off is not a sell off, but merely a diversification of investors funds.

It’s about time Bitcoin took a little rest bite, however you can be pretty sure it won’t last for long, historically bitcoin corrections such as these result in another steady upwards rally, but we will have to wait and see.

2017-12-19T21:36:15+00:00

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