On the morning of January 11, the bitcoin rate showed a significant decline – the quotes fell by 17% and fell below $ 34,000. Later, the BTC rate rose slightly and now the first cryptocurrency is trading at $ 35,700.
The activity of Asian traders led to a drop in the bitcoin rate. However, after briefly breaking through the $ 34,000 resistance, the BTC rate returned above this level. Analysts expect that if the bearish pressure does not increase and bitcoin remains above this level, then it is worth preparing for a new wave of growth in the first cryptocurrency.
“Corrections happen in any market. This is a natural and healthy process. Just do not forget about the possibility of such a fall when you dream of a “native”. Keep your positions and everything will be fine, because bitcoin is a long-term investment “, – stressed analyst and trader Michael van de Poppe on Twitter.
Against the background of the fall in the rate of the first cryptocurrency, the main altcoins also fell. Cryptocurrency market capitalization has dropped below $ 1 trillion and stands at $ 966 billion at the time of publication, according to CoinMarketCap. Recall that market capitalization exceeded this significant level on January 7.
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