Bitcoin Price Nearing ‘Capitulation Moment’: IG Market Analyst
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/
Bitcoin above $4200 right now
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