Cryptocurrency markets took a turn for the worse once again on Monday as Bitcoin and Ethereum both decided to show weakness in the run up to end of first quarter trading.
Bitcoin futures expired at the end of last week, so if the pattern of the last few months is to repeat then prices should begin to stabilize once again towards end of first week of April.
The altcoin markets were also under pressure, as always when big brother Bitcoin decides to tumble.
We do see some strength to come for altcoins but first BTC needs to bounce strongly from a long term support.
Unfortunately the next low that can offer this turning point is near $6000. The low that was touched in early February. The falls do not seem as vicious this time around but there is still time for fear to creep in to this market.
Be aware and stay safe out there.
The post More Falls For Bitcoin Amid Cryptocurrency Weakness appeared first on Crypto Trading Blog.
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