Downtrend

Within a period of just 2 weeks (August 1 - August 14), the price of Ether, the native crypto of Ethereum network, plunged by 44%.

This weekend, the Bitcoin price again fell to $570. It is time for buyers to take the initiative or the price of Bitcoin will decline further.

Dogecoin’s price has declined for two months already. A small rebound is not strong enough to change the downtrend. Moreover, while most cryptocurrencies fall, buyers pay attention to DOGE least of all.

By the end of the weekend, Bitcoin’s price slightly collapsed to $624. This may be the beginning of a long downtrend if buyers stay passive while sellers are taking the initiative into their hands.