Bitcoin Price Crash: Oh God Is It Over? (BTC USD)

This morning the crypto market crashed, and masses of traders sold their Bitcoin for USDT. Did it happen because of South Korea? Did China cause this? For traders, the reasons don't really matter so much as the exact timing for the market's turnaround – incidentally, that just so happens to be right around the time this article is set to be published. If your uncle dropped his Bitcoin in the last hour, he's about to be crying.

The uncle you explained Bitcoin to this past Thanksgiving might've called you up earlier today. The conversation might've centered on the fact that the price of Bitcoin VS USD just tanked back to prices not seen since December. But supposing you convinced your uncle to hold the line, a whole lot of sweat is about to be wiped away dry.

If you look at Cryptomaps today, you'll see a lot of red. By both market cap and by volume over the past 24 hours, the Cryptocurrency Market Stake has ridden the slide to the warm side of the spectrum. Things aren't looking good to those new to the market.

But the bottom won't likely last long, if several OG crypto market Twitter-based voices are to be believed.

Zoomed in

1. In sideways and down trending markets my approach is to accumulate as much as i can the USD price for now is in the back of my mind

2. I buy at major supports and sell at major resistance

3. I trade 6hr to Daily timeframes target 6/10 trades success pic.twitter.com/UABQSiFcVa

— Joe Zabbs (@joezabb) January 16, 2018

Whatever you do, if you've not already done something, don't consider what I've written here to be investment advice. Neither SlashGear nor the author takes any responsibility for what's included above or below VS what the reader does before, after, or during reading this article.

It does seem awfully similar to last year, and the year before though, doesn't it? Decide for yourself, and remember: Always in motion is the future!