The crypto currency market is decreasing. Bitcoin achieved the expected level of support

The crypto-currencies market declines by the end 2017, due to the continued fixation of profits by market participants. Over the past 24 hours, the world’s major crypto currency fell by 11.7% on average, while bitcoin lost about 14% of its positions.

Technical analysis: Today, the bitcoin price has updated the local minimum to $ 13,281.77, thereby justifying yesterday’s forecast for reducing the cost of crypto currency. See “The crypto currency market has cooled by the end of the year“. At the moment, the next significant level for bitcoin is the price of $ 12,800.00, in the event that the price will be able to gain a foothold below this range, one should expect its further decrease to $ 11 600.00; $ 11,000.00.

Fig. BTC/USD. The current price is $ 13,815.89.

Alexander Sivtsov