The saying "has fallen for the stairs too" seems worthy of being described for the current state of cryptocurrency (crypto currency). Not yet rising from the decline, the cryptocurrency performance is expected to fall again.
According to Fundstrat Global Advisors strategist Robert Sluymer, cryptocurrency is on track to re-test its lows, the price structure for most cryptocurrency remains weak and looks vulnerable to a breakdown to a lower position.
The digital currency has experienced difficult times over the past year. Bitcoin, the most popular cryptocurrency among others, just posted a decline of more than 80% from its highest level in December 2017.
The escalation of regulatory threats, the ban on the purchase of crypto currencies, the closing of the cryptocurrency exchange market, and concerns over potential fraud and hacking are some of the reasons behind the decline of cryptocurrency.
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