/biz/ - Business & Finance

[Anonymous No.12225953]

>Bitcoin seems to be stuck in a bear market as cryptos wrap up a very disappointing year, said Kitco’s senior technical analyst Jim Wyckoff.

>The next level to be breached by bitcoin will be $3,000, Wyckoff noted, adding that it is unclear where the bottom in prices is, which means more losses are likely for bitcoin next year.

>“The technical posture for bitcoin-U.S. dollar remains solidly bearish, suggesting more downside price action at least into early 2019. The next downside target for the powerful bitcoin bears is psychological support at $3,000, and below that at $2,500. There are no early chart clues to suggest bitcoin prices are near a bottom,” he said.

>The bottom in prices could be somewhere around $1,500, according to Bloomberg Intelligence analyst Mike McGlone.

>“There’s little to prevent fading bitcoin prices from reaching the continuous mean of $1,500," McGlone said on a note to his clients. “We’re at a classic psychological stage where the market is reversing the 2017 frenzy.”

https://www.kitco.com/news/2018-12-24/Bitcoin-To-Suffer-More-Losses-In-2019-No-Price-Bottom-In-Sight-Analysts.html

I hope you guys have some metals

[FLOsama Bin Laden No.12225970]

>>12225953

A Fag and/or kike posted this

[Anonymous No.12226001]

Disbelief - this rally will fail like the othes.

[Anonymous No.12226032]

>>12225953
>no price bottom in sight
>technical analyst not doing the hour of homework needed to identify the 200 week moving average as titanium support

boomer cope