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Bitcoin, Altcoins Are Vulnerable to New Lows, Fundstrat Warns Clients

From cointelegraph.com

Cryptocurrency markets could soon hit lower lows and continue their record bear market, investment and analysis firm Fundstrat Global Advisors warned in an email quoted by Bloomberg on Feb. 6. Writing to traders, one strategist at the firm, Robert Sluymer, forecast that on the basis of current performance, there was a chance Bitcoin (BTC) and altcoin prices could dip further. BTC/USD has fallen around 2.2 percent over the past week to trade at $3,370 as of press time Thursday, as many altcoins have seen bigger drops. Sluymer said: “The price structure for most cryptocurrencies remains weak and appears vulnerable to a ... (full story)

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  • Category: Fundamental Analysis