As we all know, digital currency markets have been hit hard over the past weekend. This is disappointing given that in the past few weeks, in general, we have seen some progress in the major digital currencies.
Bitcoin is not excluded, it has almost exceeded $ 10,000 on a number of occasions not long ago, and it is very difficult to understand how in its current position it moves closer to $ 7,000 than the $ 10,000.
As is the case, it appears that Pitcairn was hit hard by the collapse of last weekend. With many of the digital currencies testing some dips as they pass through the weekend, the Pitcairn has experienced some great volatility, and a quick check of its advance over the weekend can confirm this. The path of the Bitcoin has been somewhat volatile, and we know that some people find these twists exciting and enjoyable.
So, let's see how influenced by the pasture over the past weekend.
Well, we have seen since the start of the market retreat on Friday, the Bitcoin is dropping from $ 9,017.22 to $ 8,440.65 the same day. He continued the decline of the Pitcairn on Saturday, pulling the Bitcoin to $ 8,223.50, before some correction, which raised its price to $ 8,652.84.
We saw the Pitcairn going through Sunday on a bumpy track, from $ 8,482.22 to $ 8,756.46 before sliding down to $ 8,428.03, down about 0.87%. At the moment, the price of the Bitcoin at $ 8,219,100.
As you can see, the movements of the Bitcoin were quick and uncertain. We have seen some very large jumps that have in turn boosted the value of Bitcoin on volatility. You may now ask, is the $ 10,000 still a realistic target for Pitkins now?
They are also of course in the long term. In general, the $ 20,000 goal is still realistic for the Pitcullen and therefore $ 10,000 should be a point in the sea and it is already. We expect to see the move of the Pitcairn back to the direction of about $ 10,000 soon enough.
Of course, we can not tell when that will happen. So that some digital currencies seem to be heading for recovery, and if this is the case, as the House of the momentum is lifted, there is no doubt that the rest of the markets will follow in that. For the time being, we have to keep our eyes on the markets and keep a close eye on what is going on.