The price of bitcoin fell below $9000

On the evening of 8 November the average market price of Bitcoin fell sharply to $8750, and then partially recovered. Now the asset is being traded at around $8882, for the last few hours its rate decreased by 4%. The capitalization of the top cryptocurrency currently stands at $163 billion, RBC Crypto.

Informed analyst Ayash Jindal correctly predicted the fall of Bitcoin. According to the expert, reducing the cost of coins should slow down on the level of $8920 and $8780. For the resumption of growth of the cryptocurrency was necessary to gain a foothold above the level of $9300, the expert believes.

Sebastian Sinclair, an analyst with the information portal Coindesk, said that the Bitcoin weekly chart pattern formed «Golden cross». This figure speaks in favor of long-term growth of the asset. In recent times, after its appearance, the first cryptocurrency has risen to 4500%.


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