Well, finally Bitcoin has come below $4000 price level when it broke $4000 with solid volume a few hours ago. Although, RSI levels are pretty much in the bottom, indicating a reversal but that might not happen in this case as Bitcoin is facing heavy Bearish pressure right now.
Currently, Bitcoin is trading below $3700 which is pretty Bearish if we look at the last year this time when Bitcoin is making huge Bullish waves on the go and people were trying to jump into Bitcoin train as soon as possible. Now all those people are panic selling and that's how market corrects dumb money.
Coin market capitalisation has come down to $120 Billion while Bitcoin dominance has risen to 54%.
People are selling their Alt coins to buy back Bitcoin and that's why we can see all the Alt coins falling like crazy.
Let's see when this market stablize a bit and we see some green again in the market.
Thanks for reading ..!
