RATE Group | Bitcoin is Alive and Well, Price Still in Macro Uptrend
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Bitcoin is Alive and Well, Price Still in Macro Uptrend

06 Dec Bitcoin is Alive and Well, Price Still in Macro Uptrend

Posted at 19:53h in Bitcoin News by

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Bitcoin owners have had many things to worry about over the past months. For instance, the price of BTC has tumbled by some 50% since June of this year, falling as low as $6,600 from $14,000. Also, there’s been increasing regulatory scrutiny from some of the world’s most powerful governments and entities due to Facebook’s foray into cryptocurrency, along with China’s announced intentions to launch a digital currency.

Related Reading: Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky

Though, a top researcher working in the industry has recently aimed to reassure BTC “HODLers,” releasing an extensive Twitter thread showing that the cryptocurrency’s long-term fundamental uptrend should remain intact.

Bitcoin’s Future Looking Bright

Hans Hauge, a senior quantitative researcher at Los Angeles-based crypto fund Ikigai Asset Management, recently gave a confluence of reasons why he remains bullish on the leading cryptocurrency.

He first drew…

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