Is Bitcoin Really In a Bull Market Here’s Why Analysts Think BTC Isn’t

103 Aufrufe

  • Danke für die Bewertung! Teile es mit Deinen Freunden!

    Danke für Deine Bewertung!

admin
Published
Bitcoin has done extremely well over the past few weeks. Since the start of July, the leading cryptocurrency has gained approximately 30% against the dollar, outperforming a majority of other macro assets. In rallying 30%, BTC has decisively flipped $10,500 into a level of support. To some commentators, this was the one level that Bitcoin needed to turn into support to confirm the start of a bull market. Despite Bitcoin doing so, there are some still hesitant to admit that the asset is in a full-fledged bull market. Here’s why they think so. Multiple traders recently took to Twitter to argue that Bitcoin is not yet in a bull market. One market commentator said on August 15th:This was echoed by other traders in his replies. The cryptocurrency analyst that predicted at $3,700 that Bitcoin would see a V-shaped reversal said that there’s “ground to cover” before he thinks markets are decisively bullish:And yet another trader put this sentiment into the form of a chart. Arguing that he’s “seen enough Bitcoin price action to convince himself the top is in,” the chart below was shared on August 14th, and it predicts Bitcoin would revisit the $8,000s. There are prominent market commentators that do not subscribe to the sentiment that Bitcoin isn’t in a bull market. Raoul Pal, a former head of Goldman Sachs’ hedge fund sales and CEO of Real Vision, recently said:Pal’s contemporary, Dan Tapiero, echoed this, writing in an analysis that Bitcoin could literally go up 5-10x in the coming cycle.


All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/08/16/bitcoin-really-in-a-bull-market-heres-why-analysts-think-btc-isnt/


#bitcoin #coinbasejobs #bitcoinsvnews #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange
Kategorien
Bitcoin
Kommentare deaktiviert.

Als nächstes

Яндекс.Метрика Top.Mail.Ru