Tag Archives: Bottom

A Generational Bottom May Be in For Bitcoin at $6,500 as Traders Expect Big Rally

Subsequent to an intense short squeeze on Dec. 18, traders are anticipating an extended bull run as BTC looks to test higher resistance levels. Peter Brandt, a prominent trader and best-selling author, said that bitcoin defended an important support level. Continue reading A Generational Bottom May Be in For Bitcoin at $6,500 as Traders Expect Big Rally

Bitcoin Price Will Likely Bottom at $3,000

Genesis Trading CEO Michael Moro has predicted that bitcoin will bottom out at about $3,000 after a week that has seen the leading cryptocurrency fall as low as $4,035. Speaking to CNBC, Moro stated that he does not expect the $4,000 support level to hold out much longer as selling pressure from pre-2017 bitcoin investors liquidating their holdings will continue to drive the price downward. Continue reading Bitcoin Price Will Likely Bottom at $3,000