Cryptocurrency prices analysis and forecast – 29 October 2018

Cryptocurrency prices analysis and forecast – 29 October 2018
BTC/USD
BTC/USD is being traded at $6,478 and continues to decline. Bitcoin volatility index fell sharply over the weekend, as small trading volumes and an uncertain short-term outlook confidently limited the price action of the pair. The reduction in volatility also suggests that the bear market in 2018 is likely to last much longer. According to the NVT coefficient, which divides bitcoin"s market capitalization by its average daily volume transmitted through the blockchain, we are currently in the middle of a long-term bear market. The ...
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