Earlier this month Fundstrat Global Advisors made the prediction that the Consensus conference would generate a price spike for Bitcoin. Well, Tom Lee and crew were wrong...again.
The Consensus conference occurred for this week and was marked by a notable decline in the price of Bitcoin.
It was an assumption that the price would rally during the consensus conference and i really hoped to see a small rally but the market went the opposite direction, there are many positives that happened, we will have an alternative to the shady tether and there wont be any negative intervention from the SEC in the development of the market, i am not bullish in the short term but i expect a good rally by the end of this year.