The market of cryptocurrency is very unpredictable. It is so because of the sentiments of the people and the trust that they hold in the market. There are a number of cryptocurrencies in the market.
The market of bitcoin and its prices both are on a downfall. The next support level is expected to be $4800 and then $3600. This is making the investors bearish towards the bitcoin investment. The ones who are already investors are selling the bitcoin and this is causing the market to go even down and this is not a good sign.
Pick up the charts of the Ripple and notice the patterns running alike in the Ripple and Bitcoin charts. This is because both of them have always been the same. The ripple is following the same path. There is creation of rally and people giving in to it are losing too as the prices are falling. The short-term market is gloomy just like the Bitcoin.