Bitcoin Price Bottom Is In?
Interesting theory by analyst, Spencer Bogart. He observed that no amount of bad news affected Bitcoin price during last years bull run. He now observes that no amount of good news is affecting the Bitcoin price, meaning the opposite is now true. Consequently, he opines we are nearing the end of the bear market. Fascinating idea. I hope he's right. HODL everybody!
https://www.ccn.com/bitcoin-price-close-to-bottom-will-see-10000-this-year-hedge-fund-mgr/
Interesting observation. It seems bitcoin just does its own thing while not only giving the finger to governments, but everyone else who thinks they can predict the next move. I think the institutional money will only be able to corral the bull for a while, but they will be bucked off as well. It's not an easy beast to ride.
Love the analogy, "not an easy beast to ride." That pretty much says it all.
Hi @Clayrawlings
Hopefully by this year-end Bitcoin will touch 10K range and no one can stop it.
And your prediction will also come true.
Thanks.
If good/bad news does not affect the price, then it means it might become more stable than our regular fiat currency which takes only a breaking news to pivot the price
Holding all my coin since the the last bull, so I am not going to sell any of them until they touch new ATH. Great observations hope soon bear will go back
Hope that bear is going to over
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