Bitcoin Price Nearing ‘Capitulation Moment’: IG Market Analyst

in #bitcoin • 5 years ago

Echoing this analysis, Beauchamp stated that while many investors may have been happy to hold their bitcoin portfolio at or around $6,000, they were “much less happy” to keep on holding at $4,000 and below.

Good article in that it points out the most likely reason bitcoin has taken the most recent plunge in price; investor sentiment. People that bought bitcoin early don't want to see all their profits disappear, I can understand that. Might be an opportunity for the rest of us.....

Read the full story here....
https://www.ccn.com/bitcoin-price-nearing-capitulation-moment-ig-market-analyst/

#crypto #investing #trading #money
5 years ago in #bitcoin by
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     5 years ago 

    Bitcoin above $4200 right now

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