RATE Group | Crypto Trader Still Long-Term Bullish After Bitcoin (BTC) “Bloodbath”
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Crypto Trader Still Long-Term Bullish After Bitcoin (BTC) “Bloodbath”

08 Dec Crypto Trader Still Long-Term Bullish After Bitcoin (BTC) “Bloodbath”

Posted at 22:02h in Bitcoin News by

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Crypto Market Conditions Are “Phenomenal” For Traders

Diversified trader Merlin Rothfeld, an investment strategist at Online Trading Academy, recently sat down with Cheddar, an up and coming fintech media outlet, to discuss the current crypto market. The outlet, who has developed a penchant for covering the Bitcoin (BTC) ecosystem, asked the trader, as it did with its other crypto guests, about his opinions on the market.

Interestingly, Rothfeld went against the crowd, claiming that the conditions in the crypto seas are “phenomenal,” alluding to the fact that BTC’s most recent tumult became perfect for scalping, a popular technique used by day traders.

Bitcoin Cash Hard Fork Was A “Systemic Issue”

Still, the multi-markets participant added that 2018’s crypto collapse actually stems from a “systemic issue,” drawing attention to the infrastructure that makes this nascent industry tick. Rothfeld explained:

The technology behind what makes cryptocurrencies popular…

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