According to Bloomberg, decline in the price of bitcoin is expected and also, the change in the trend of buying by selling the currency. Analysts indicating several factors:
- After the price increase in February, bitcoin moving average convergence divergence indicator started to fall.
- Bitcoin might be under selling pressure until it will break $4,000 limit.
- eToro analyst presumes that investors temporarily may see more potential in altcoins.
Bitcoin still remains as the largest cryptocurrency, but it is also worth noting Litecoin which has increased by 150% during past 3 months.
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