6.9 C
1 March 2024
Image default

2018 Sees Bitcoin’s Lowest Average Daily Price Change: Report

This year Bitcoin’s (BTC) average daily price change was the lowest value reported in the past nine years, self-proclaimed professional cypherpunk Jameson Lopp tweeted Dec. 30.

This year, the average daily value change for Bitcoin was -0.33 percent, according to Lopp’s tweet. In second place for lowest average daily price change was 2014 at -0.25 percent.

The year with the highest average daily change was 2010, when Bitcoin saw an average 0.82 percent price change daily — followed by 2017, with an average 0.78 percent daily price growth.

As Cointelegraph recently reported, Morgan Creek Digital Assets founder Anthony Pompliano told CNBC that Bitcoin’s price will fall lower, bottoming below $3,000. His declaration comes just a month after he similarly predicted that Bitcoin would fall to around $3,000, a point that it approached on Dec. 15, hitting $3,192.

Cryptocurrency trader Tone Vays warned in a market update Dec. 16 that a collapse to at least $1,300 could be imminent. Specifically, a close below the long-term 50-month moving average price for BTC/USD would trigger an extended downward trend. He told his viewers:

“Until we close below it, my probability of $1,300 remains a little bit lower. The moment we can […] have a full candle below the moving average, it’s all over; we’re going to $1,300 and hopefully not lower.”

Related posts

Bitcoin ‘Mega Whales’ Accumulating BTC Aggressively Over Last Seven Weeks: Santiment


This Golden Bull Market Factor Predicts Bitcoin Will Rocket to $14k


Top 3 Price Prediction Bitcoin, Ethereum, Ripple: These are the price targets for the ongoing sell-off