Fall is a Bitcoin below $ 6000? Expert opinions
Source:Bitcoin for several months traded in a narrow channel in the range from 6200 to 6800 dollars. Many analysts agree that volatility of an asset is a sign of phase accumulation. In other words, Bitcoin should not fall below $ 6,000. Is that really so?
theit's time to buy bitcoins
Trader under the name AngeloBTC recently ended my long «silence» tweet. The situation on the stock market, he summed up in just three words.
Last dip ever.
— Angelo฿TC (@AngeloBTC)
True or not, but AngeloBTC more 124 thousand subscribers. Perhaps the tweet of the trader had given them hope to open long positions. The Angelo has a solid achievement record in the beginning of 2018, he became the first trader in the BitMEX trading volumes.
Former guru to wall street (and now an ardent fan of cryptocurrencies) Mike Novogratz is also the first time in a long time I used Twitter. In early September, he said that the stock market found its bottom. According to Novogratz, «full retracement of the bubble of 2017» indicates the end of the bearish trend. Sooner or later, Bitcoin will start to grow.
This is the BGCI chart…I think we put in a low yesterday. retouched the highs of late last year and the point of acceleration that led to the massive rally/bubble… markets like to retrace to the breakout..we retraced the whole of the bubble.
— Michael Novogratz (@novogratz)
Another analyst Tom Lee also in the growth of the main cryptocurrency. He does not exclude that Bitcoin will reach 22 000 dollars in the next year. His view was supported by the Spencer boggart, the head of Blockchain Capital. Boggart believes patience is the key to the success of all captainvalor. The price movement of an asset over the last few months will be the beginning of a new global uptrend.
Recall that a full-fledged launch of the first product (a platform for institutional investors) will be held in November. In fact, the futures on Bitcoin, which will be traded on Bakkt will be backed by the largest network of US exchanges.
The Banking giant TD Ameritrade recently entered into a partnership with ErisX. The company will also start trading Bitcoin futures until the second quarter of 2019. After already a few months that will benefit more than 11 million customers of TD Ameritrade.
Bitcoin and crypto market waiting for 1 thing
1. Final shakeout ✔app
2. Positive developments (Bakkt, Custody, Banks) ✔app
3. Months stability of Bitcoin at $6,200 ~ $6,800 range since August 9 ✔app
4. Lower highs since January bottoming out with record low volatility ✔app
5. Volume ✖on!!!— Joseph Young (@iamjosephyoung)
Cryptomnesia Joseph young said that for bullrun lacks only one thing. The bulls only need to wait for high trading volumes to push Bitcoin above its last year's value.
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