Bitcoin moves to revisit 12k threshold and challenges it beyond - 28 DEC 2017

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Bitcoin starts a new correction and will most probably revisit the 12k threshold again and push either behind it or back up. At the moment it downsized to $14,068.70 USD (-13.05%)

As it moves the entire market moves in the same direction and most of the currencies have negative results, with some small exceptions like Ripple (what's happening there ??? how come it has reversed growth not sure so far...) and other small cryptocurrencies.

bitcoin_28dec.png
Source: https://coinmarketcap.com/currencies/bitcoin/

While this correction gives opportunities the fact is that we need to trade carefully as we cannot tell for the moment if the strong positions will resist or they will fall in the end. So, my advise is to trade safe, pay attention and wait for the market to decide itself and get stable in one direction on the other. Following that, for sure there will be a point when investment opportunity will rise, but we'll just need to wait and see that.

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