Crypto Expert: “BTC May Be Nearing Bottom”

- Advertisement -

As Bitcoin struggles around $20.000, crypto consultant at exchange eToro, Glen Goodman, has said that BTC may be nearing a bottom before rising again. 

Speaking in an interview with Bloomberg on July 13, Goodman talk that current negative articles from media platforms show Bitcoin has near bottom. 

- Advertisement -

However, the consultant said that investors should not expect an immediate rally when the bottom is near. 

“When you start seeing articles saying Bitcoin is dead, the market crypto is over, you can deduce that we are near the bottom.” Goodman said. 

According to Goodman, the current Bitcoin price movement is nothing new and has reflected historical trends.

Bitcoin and the crypto market took a hit after the release of US inflation figures spiked to 9,1%. REMOVEitcoin wiped out about 15 billion dollars market capitalization within ten minutes of the release of the CPI report. 


See more:

5/5 - (1 votes)
- Advertisement -

COMMENT

Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

Maybe you are interested

Venezuelan money plummets by nearly 40%, crypto is part of the problem

Venezuela's currency, the bolivar, has lost almost 40% of its exchange rate against the US dollar in a month. Coin...

Bitcoin miners' wallet balances keep decreasing

On-chain data analyzed by Glassnode shows that balances on bitcoin miners' wallets have dropped...

CZ: Most governments understand crypto adoption will happen

Binance CEO Changpeng Zhao (CZ) Says Most Governments Know That Accepting Cryptocurrencies...

This could be the longest crypto winter in BTC history

On Saturday, members of the r/cryptocurrency forum discussed how the current downtrend market is a long winter...

Bank of England Starling Blocks Payments for Cryptocurrency Platforms

Starling Bank has informed its customers that the bank is no longer supporting remittances to money platforms...

Related posts

- Advertisement -