Anonymous ID: 846cf1 Dec. 26, 2018, 11:22 a.m. No.4475662   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

'''News Bites

Bitcoin To Suffer More Losses In 2019, No Price Bottom In Sight - Analysts'''

 

https://www.kitco.com/news/2018-12-24/Bitcoin-To-Suffer-More-Losses-In-2019-No-Price-Bottom-In-Sight-Analysts.html

 

After a very painful year that saw prices drop from $17,000 to just below $3,500, bitcoinโ€™s losses are not exhausted yet, according to analysts who see darker days ahead.

 

Bitcoin To Suffer More Losses In 2019, No Price Bottom In Sight โ€” Analysts

This year has shocked many crypto investors after 2017โ€™s fear of missing out (FOMO), which boosted prices all the way to a record high of $19,511 in December 2017, turned against them.

 

The biggest losses came in January, March, May, August, and November, with prices eventually hitting the lowest annual level of $3,215 per bitcoin, according to Kitcoโ€™s aggregated charts.

 

At the time of writing, bitcoin was barely holding on to the $4,000 level, trading at $4,189.50, down 69% on the year.

 

Aside from extreme views by bitcoin bulls and bears, the overall trend is that bitcoin will see more headwinds in 2019.