Everyone Panic? Analyst Predicts Bitcoin ETF Rejection Due to ‘FUD’
An analyst has said there is very low probability that the Winklevoss brothers’ Bitcoin ETF will be approved in 2017 - due to “fear, uncertainty and doubt.” It is probably the first time that an official statement has used FUD as a reason to give Bitcoin a vote of no confidence. FUD means 25 percent approval chance. In a research note republished in a speculative article on CNBC, Needham’s Spencer Bogart stated that “in contrast to most of the people that we speak to in the industry, we think the probability that a Bitcoin ETF will be approved in 2017 is very low.” The note continues: “To....
Related News
Despite recovering from bearish lows following its recent uptick, a crypto analyst has predicted that the XRP price could undergo a further decline in its price to $1.5. The analyst has pinpointed a critical resistance level that XRP will need to hold lest it crashes to new lows and eradicates recent gains. Analyst Predicts XRP Price Crash To $1.5 TradingView crypto analyst MadWhale has shared a new price analysis focusing on XRP’s future price potential. The analyst emphasized his strong track record of cryptocurrency trends, underscoring that he has accurately identified and hit....
While Bitcoin has seen local volatility, the coin is in a tight range on a medium-term basis. The coin has traded between $10,000 and $11,000 over the past few weeks. BTC now trades for $10,650 as of this article’s writing, smack dab in the middle of the range. A top analyst says that Bitcoin is primed to retest $11,000, then undergo a rejection in the coming weeks. This rejection could take BTC towards the CME […]
Strong moves from Bitcoin this week have rekted altcoins in the process. In the last 24-hours, the leading crypto posted +8% gains to $18.2k. With its current run of form, many analysts expect Bitcoin to break its previous all-time high soon. Analyst ConnorNix predicts we’ll see a retest of $17.1k, followed by an upswing to […]
After a harsh correction period, the mysterious analyst known as PlanB predicts Bitcoin will reach unexplored heights. That’s what his famous and often quoted Stock-To-Flow or S2F model predicts, and so far everything seems to be going according to plan. PlanB, that is. The analyst behind the pseudonym refers to “the point of no return,” […]
Bitcoin’s price took a slight dip late last week when it was revealed that OKEx had frozen withdrawals. The exchange did so as one of its key holders went silent as he was cooperating with a public security bureau. Some investors took this as a sign that the cryptocurrency industry was under a regulatory threat. Bitcoin didn’t fall as much as some initially thought, though. Analysts say that this simple fact that Bitcoin didn’t capitulate […]