RATE Group | Bogart: Bitcoin is Close to Bottoming Out
44759
post-template-default,single,single-post,postid-44759,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bogart: Bitcoin is Close to Bottoming Out

07 Oct Bogart: Bitcoin is Close to Bottoming Out

Posted at 00:08h in Bitcoin News by

[ad_1]

Spencer Bogart says Bitcoin is close to bottoming out. 

Bogart, a partner at Blockchain Capital, believes the top-ranked cryptocurrency will soon begin to manifest another bull run based on the many recent positive developments occurring in the industry.

An Approaching Future Bitcoin Bonfire

In an interview with CNBC on Friday (September 5, 2018), Boggart said that Bitcoin would recover once it bottoms out. Commenting on the impending BTC bottom, Bogart noted:

We’re down about 70 percent from our highs, so I think that bitcoin is close to bottoming, and so is the rest of the market.

When asked about the prolonged sideways BTC price action despite the raft of positive developments in the industry, Bogart drew parallels with the last year’s bull run, saying:

Towards the end of last year, when we were in the peak of this bull market, bad news seemed to have no effect on the markets. Now we are seeing the other side of that, when we have a week of news with TD, Ric Edelman, and…

[ad_2]

Source link

Tags:
, , ,