Bitcoin Bust Resumes: Is The Top In?

Investment Advisor Representative - Sitka Pacific Capital Management • Dec 24, 2017 at 2:16 PM EST

The top 15 cryptocurrencies are all in the red after a brief bounce following a 40% plunge in Bitcoin. Despite the plunge, one third of the top cryptocurrencies are still in the green from a week ago

The top 15 cryptocurrencies are all in the red after a brief bounce following a 40% plunge in Bitcoin.

Despite the plunge, one third of the top cryptocurrencies are still in the green from a week ago. Bitcoin itself is the biggest loser over the last seven days, down nearly a third in value.

Is the top in?

I don 't know, nor does anyone else. But if the top is in, a 90% decline from the top, or far more, is likely in the cards.

Someone has to get sucked in at the top. Was it you?

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