Bitcoin has the biggest weekly decline since November

Bitcoin has the biggest weekly decline since November

This week was the most damaging in 2019 for Bitcoin. Actually, it’s not the best period for the rest of the coins too.

The world’s leading cryptocurrency lost about 15% this week and now the price of BTC is around $10,145. This's the greatest 5-day slide of the coin since November 2018.

Matt Maley, a property strategist at Miller Tabak + Co, said that crypto coins are losing their positions of safe assets, even though people considered cryptocurrencies are going to become the flight to shelter trade.

Analysing the price-chart patterns, experts suggest that the outlook is gloomy. For defeating this negative trend, Bitcoin necessitates progressing above its recent high price which was $12,316.