This week was the most damaging in 2019 for Bitcoin. Actually, it’s not the best period for the rest of the coins too.
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The world’s leading cryptocurrency lost about 15% this week and now the price of BTC is around $10,145. This's the greatest 5-day slide of the coin since November 2018.
Matt Maley, a property strategist at Miller Tabak + Co, said that crypto coins are losing their positions of safe assets, even though people considered cryptocurrencies are going to become the flight to shelter trade.
Analysing the price-chart patterns, experts suggest that the outlook is gloomy. For defeating this negative trend, Bitcoin necessitates progressing above its recent high price which was $12,316.