If there’s a place money has gone to die, it’s almost certainly the crypto market. bitcoin btc cryptoworld cryptoprices bitcointrading
Enter your emailLarge institutional traders are not interested in trading this currency, because it is so far out on the wrist spectrum.of course is the largest cryptocurrency market around, and it has lost all volatility.
Large institutional traders are not interested in trading this currency, because it is so far out on the wrist spectrum. Think of it this way: most large institutions have enough problems dealing with the stock market right now to keep them dancing. In a small market like Bitcoin, you could see destruction rather quickly.If we break down below the $18,000 level, then it’s likely that the market goes look into the $15,000 level. $15,000 is only a psychological number, and when you look back at the past, there was no real reason to think that the market would stop there.
Keep in mind that this is a situation where the market has found itself very quiet, so we do get a sudden spike to the upside, there are probably traders above that will be looking to dump their positions anywhere near breakeven. Even if we do break to the upside, the $25,000 level is a major barrier that we would have to overcome to show enough strength to take a rally seriously.
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