Bitcoin Set To Enter Disbelief Phase ?

I’ll just preface this by saying if – and that’s a big IF – Bitcoin were to hit $2.8K, I would be trying to buy as much cheap Bitcoin as I could! But I don’t think we are going to see anywhere near that price, in fact we may see the complete opposite. “Bitcoin price (BTC) performed as expected over the past week as 8% was shaved off its price of $7,571.80 between Dec. 8 and Dec. 14. Does this mean the digital asset is due for a reversal? As much as Bitcoin holders and I want this, one has to look at the facts. Currently, Bitcoin has a distinct lack of bullish indicators that offer any hope of a short term reversal and even John Bollinger, the founder of the Bollinger Bands indicator tweeted out this somewhat cryptic tweet on Dec. 13. ‘Most cryptocurrencies are at or near Bollinger Band Squeeze levels. Time to pay attention.’ For those that don’t know what this means, allow me to explain…”

 

https://cointelegraph.com/news/bitcoin-set-to-enter-disbelief-phase-should-hodlers-prep-for-28k

Master Asked on December 16, 2019 in Bitcoin.
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