RATE Group | Bitcoin Price, Pantomime Season, More Craig Wright Lies
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Bitcoin Price, Pantomime Season, More Craig Wright Lies

18 Aug Bitcoin Price, Pantomime Season, More Craig Wright Lies

Posted at 12:38h in Bitcoin News by

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This week, US President, Donald J Trump, decided that he would like to buy Greenland, thereby completely surrounding the USA’s northern neighbor Canada. Denmark semi-politely told him to… that it wasn’t for sale. Perhaps he would have more luck buying Bitcoin?

Bitcoin Price: Down But Not Out

Well, when it comes to bitcoin price, arguably the less said about the past week, the better. Unfortunately, it’s kinda my job, so I’ll try to make this as painless as possible.

It all started reasonably positively. After a tumultuous weekend, a last-minute pump saw a bullish weekly candle closing at just over $11,500; the highest weekly close in over a year. Even Goldman Sachs was bullish on bitcoin, setting a short-term price target of $13,971, which seemed oddly specific.

However, net capital flows out of five of the top bitcoin exchanges, along with low volumes troubling support at $11k gave a hint at what was to come.

One analyst predicted that price would go as low as $8.4k to…

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