Bitcoin Report Suggests A Downfall For The Currency – 12 March, 2018

A Bloomberg report released earlier this week predicts the price of the crypto currency will head for another downfall, with long-term demand deteriorating that started mid-February. Average daily gains over the last month have been decreasing after rallying prices, but the currency keeps hitting a $4,000 resistance level that, unless breached, could continue to pressure prices. With other digital currencies gaining anywhere from 60-150%, Bitcoins measly 23% gain signals that investors are seeing potential in smaller tokens.