“Exchange FUD” Narrative That Haunted Bitcoin May Finally Be Dead: Analyst
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 […]
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An analyst from the biotech consulting group Biotechvalley Insights believes after bitcoin lost 53% from the crypto asset’s all-time high, “the party is clearly over.” The biotech consulting group analyst thinks crypto investors will witness a slow “grind down the slope of hope with a periodic dead cat bounce” and expects prices to drop to $15,000 in the next few weeks. **Editor’s note: This article was updated at 4:55 p.m. (EST) to reflect a comment from a Bitcoin.com News reader who commented on the Biotechvalley Insights’ analyst’s....
Like many in the digital currency community, I’m tired of the "bitcoin is dead" line that has permeated mainstream coverage of high-profile software developer Mike Hearn’s decision to quit the "failed" bitcoin experiment. Yet if we contemplate this misguided storyline, there's much to learn from it. It's up to those of us who believe this technology truly matters and that, in some shape or form, it will change the world, to shift the narrative. Let's use this opportunity to restart the public conversation. The first thing to acknowledge is that the doomsayers might be....
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Bitcoin has undergone a strong drop since the highs of $19,500 seen last week A historically accurate analyst says that further losses are likely for the cryptocurrency The analyst shared a chart showing that Bitcoin is likely in the midst of trading in a dead cat bounce prior to further losses He cited the Elliot Wave form of technical analysis, which predicts that markets move in predictable waves. Bitcoin Could Drop Toward $15,000 Bitcoin has […]