When To Buy Bitcoin? Cryptocurrency Price Decreased Below $6600
The coin has become cheaper by 1,2% over the past 24 hours. CoinDesk analyst Omkar Godbole told what might happen to its rate during the following 24 hours.
Bitcoin’s average market price decreased to $6538 on Wednesday, the it started to increase slowly. Now the cryptocurrency is traded at the level of $6555, its price has reduced by 1,2% yesterday. Meanwhile, Ethereum rate has decreased by 1,5%, XPR – by 3,4%.
CoinDesk analyst Omkar Godbole said that Bitcoin’s daily trading volume has been below $4 billion recently, this prevented the first cryptocurrency to reach $7000 on Monday.
Now the coin’s price should be more than $6775 for some time to keep growing in the long-term run, the expert reports. He also adds that it is important for bitcoin’s price to remain higher than September low of $6424, otherwise it will start decreasing rapidly.