Bitcoin bulls might be sitting out the last month of 2019. While December has been kind to the top cryptocurrency since 2014, it appears that this year will be different. Analysts don’t see bitcoin bulls staging a coup in the next month or so. Continue reading No Santa Claus Rally as Crypto Analysts Remain Extremely Bearish on Bitcoin
Wall Street firm JP Morgan has predicted that HODLers should expect to experience more pain if the crypto winter persists. Continue reading Bitcoin Could Fall Below $1,260 if the Bear Market Continues: JP Morgan Analysts
Chinese analysts expect the current bitcoin bear market to continue in 2019, contradicting the bullish projections of crypto bulls like Mike Novogratz, who predicts that the bitcoin price will hit record highs this year. Continue reading Chinese Analysts Say Bitcoin Bear Market Likely to Continue In 2019
Analysts at Deutsche Bank released a note to clients on Friday, Jan. 19 stating that there is a growing correlation between the price of Bitcoin (BTC) and the CBOE Volatility Index (VIX), also known as Wall Street’s “Fear Index.”
Masao Muraki, a global financial strategist at Deutsche Bank, along with two colleagues Hiroshi Torii and Tao Xu, wrote in the note that a lack of fluctuation and volatility in the stock market is leading investors to look elsewhere to make money.
BTC is currently trading at an average of $11,834, down 1.02 percent over the 24 hours to press time.