RATE Group | Cryptocurrency Expert Says Bitcoin is Close to Bottoming, Good News Have Almost No Effec…
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Cryptocurrency Expert Says Bitcoin is Close to Bottoming, Good News Have Almost No Effec…

06 Oct Cryptocurrency Expert Says Bitcoin is Close to Bottoming, Good News Have Almost No Effec…

Posted at 17:24h in Cryptocurrency News by

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Bitcoin is supposedly ”close to bottoming”, according to fresh comments by Spencer Bogart, an expert from the blockchain and cryptocurrency venture firm Blockchain Capital.

These recent comments came during Friday’s CNBC segment ”Fast Money”, in which he argued that Bitcoin’s gains in price against the US dollar during the past week could fuel further price increases.

”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,” Bogart noted in the segment.

Moreover, Bogart went on to add that the steadily building flow of positive news regarding the cryptocurrency industry will serve as ”a piece of kindling that we are going to throw onto a future crypto bonfire when we have the next bull market”.

This mainly stems from the fact that, as Bogart pointed out, good news have had little to no effect on the cryptocurrency market at the moment, whilst last year’s bull market saw the reverse…

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