Long Altcoins Instead of Shorting Bitcoin, Says Crypto Analyst – Ethereum, Ripple, Litecoin, Cardano, Tron, NEO
In the light of the last days’ Bitcoin rally, many are expecting Alts to make a strong push after bitcoin cools off. Every time bitcoin spiked, Altcoins suffered but then the inevitable happened. This is the scenario most of the crypto analysts see. Here it is what some crypto analysts say.
Bitcoin vs. Altcoins
Of course, many bitcoin maximalists will say that altcoins are not worth it but it is because of altcoins that many OG,s became rich in bitcoins. During the bear market, Altcoin holders suffered the biggest losses and maybe this time determines which altcoins will die.… Read the rest
A crypto trader labeled as a “Permabear” during the bear market predicting accurately the bitcoin price drop from $10,000 to $3000 seems to have been turned bullish on Bitcoin price, going too far to predict a hit of the $150,000 mark.
MagicPoopCannon posted on his Tradingview channel an interesting analysis comparing the bottom of the 2014-2015 Bitcoin bear market to the bitcoin actual market conditions and activity.
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That price action is INCREDIBLY similar, to what is taking place today. It is the primary reason why I believe that Bitcoin has bottomed, and it is why I am
Bitcoin price is making a 10% rally each day for the last two days. Positive news ahead of 2019 as Bakkt, the first futures that will pay in bitcoin is expected to get soon approval from regulators.
The last bull run in crypto markets started before the launch of CME and CBOE futures back in December 2017 when bitcoin price hit $20,000. After that, the price dropped more than 80 in the 2018 bear market.
Everyone who is still in the crypto market remembers when the Chicago Mercantile Exchange (CME) launched Bitcoin futures on 17 December 2017, that day the price of Bitcoin hit the top at $20,000 and after that started the downside, a downside that has kept going a year. Today, the price of Bitcoin is $3,600 and bears are still in charge. The launch of the Bitcoin futures on CME and the intense fall in Bitcoin’s price isn’t a coincidence. The paper Bitcoins being printed on CME are suppressing the bitcoin price. Doing this CME is increasing their role to set the … Read the rest
Around $60 Billion has been wiped out from the overall crypto market cap in the last few days. Many experts think that with this decline the crypto market finally found the bottom or at least near it.
Characterized as a time of discouraged movement and feeling, the bear market has seen the price of bitcoin, the world’s biggest digital currency, decrease more than 75% from the ATH in December 2017. Since bitcoin makes up 50% of the whole market capitalization, it’s logic to state that the bear market may end when bitcoin bulls stop giving more ground to the bears.… Read the rest