Quote from: Monosvalet on October 07, 2018, 11:22:25 AM

The expert of the venture crypto company Blockchain Capital Spencer Bogart believes that bitcoin is ready to signal the discovery of a reliable minimum, below which the price will not fall.
"Regarding its peak values, the price of bitcoin fell by 70%, so I think that bitcoin is close to finding its minimum, like all other cryptocurrencies," Bogart said in an interview with CNBC on Friday.
"At the end of 2017, we saw a strong rally of the entire crypto market, despite the fact that there was a lot of negative news. Now you can see that there are positive news, but the price is not growing, " he added.
Under positive news Bogart meant investing broker TD Ameritrade in an adjustable ErisX crypto currency exchange, and a statement by Rick Edelman regarding the bitcoin ETF approval and funding Yale University cryptofauna for $400 million.
"All this news is important building blocks that are laid in a new Foundation for the promotion of institutional capital in the crypto space," Bogart said.
Similar opinion is shared by Mike Novogratz, who last month suggested that bitcoin "has reached its bottom". This statement was based on a comparison of the current Bloomberg Galaxy Crypto (BGCI) index readings with those existing at the time when the market started its bullish rally. Novogratz also said that in the next 2-3 years a lot of financial institutions will be included in cryptoprocessor. He said this at the South Korean conference Beyond Blocks in July.
Earlier, a team of researchers published data according to which 54% of institutional investors believe that the price of bitcoin has already reached its minimum. At the same time, 57% of all respondents said that by the end of 2019 they expect to see the price above $15,000.
In may, fundstrat analyst Tom Lee once again expressed his expectations regarding the price of bitcoin, which, according to him, will reach $22,000-$25,000 by the end of this year. Later in August, he changed his Outlook, saying that real prices could be much higher. As evidence, he provided a correlation between emerging markets and the crypto market.
Despite these forecasts, the price of bitcoin, apparently, is not going to update the historical maximum, in connection with which Novograts also changed his forecast, saying that bitcoin is unlikely to pass the mark of $9,000 before the end of this year. However, by the end of the second quarter of 2019 Novogratz expects to see a price above $10 000.

I think when I told you that question.
because now bitcoin is in low price because today's many sellers in the markets. so it's time to come back to high-prize bitcoin like one year. if you're holding bitcoin now do not wait for it you're in december because I'm sure bitcoin will increase when it comes to december or january

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