In case the bulls increase their momentum and sustain it, there is a possibility that the pair would head towards the north with very strong momentum.
Bitcoin is showing more signs of maturity as more financial institutions warm up to digital currencies.
Novogratz said that the arrival of institutional players has taken a little longer than expected. As a result, he cuts down on Bitcoin price prediction to below $10000 by the year-end.
After last weeks massive correction, today’s recovery in the crypto market is a huge relief to the investors.
The market correction followed the IMF’s report saying that the rapid growth of crypto assets can create new vulnerabilities in the global financial system.
Neuner is quite positive on the approval of Bitcoin ETF in short-term and believes that it would lead to a money-flood in the crypto market.
On Friday, a partner at crypto-focused venture capital firm Blockchain Capital said that the Bitcoin price has nearly found its bottom, and soon, we will see the next bullish momentum.
As cryptocurrency becomes increasingly important on the financial markets, traders and investors need the best tools to analyze and predict price movements. In November, Nasdaq are set to launch a new crypto analysis tool – here’s what this will mean.
Check out our report presenting data on the cryptocurrency market movements in 2018, with special attention paid to the analysis of changes taking place over Q3 2018.
According to the report published by the Wall Street Journal, the current major problem of the crypto market is using bots, which manipulate prices of digital cryptocurrencies.