RATE Group | You Don’t Say?! Bloomberg Says Bitcoin Bulls Waiting for Price Bottom
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You Don’t Say?! Bloomberg Says Bitcoin Bulls Waiting for Price Bottom

25 Sep You Don’t Say?! Bloomberg Says Bitcoin Bulls Waiting for Price Bottom

Posted at 20:42h in Bitcoin News by

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Bitcoin bulls expect the price to go up over time and are generally happiest in a rising market. If only there was some way to be sure that the market IS going in that direction… like maybe a sign! Well according to this Bloomberg headline, perhaps now there is.

Bitcoin Price Bottom ‘The Sign Bulls Are Waiting For’

By the very definition, bitcoin “finding a bottom” would mean that the price could only go up. In that knowledge, bulls could invest with gleeful abandon. What stronger sign do you need? Couldn’t we just replace “May Be” in that headline with “Is”?

And if bottoms were that easy to pinpoint wouldn’t we all be rich?

Looking for a Bottom

Analysts constantly scour charts looking for trends in Bitcoin price 00 and momentum amongst several other indicators. Successfully calling the top or bottom of a market is their holy grail, but it can only be confirmed in retrospect.

The majority of the time, analysts and market watchers are simply looking for a…

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