Bitcoin May Need Months to Recover, Fundstrat Chartist Says | Crypto Craft

  • Bitcoin May Need Months to Recover, Fundstrat Chartist Says

    From bnnbloomberg.ca

    Bitcoin’s technicals are in rough shape after its spectacular tumble last week and a recovery might take months, according to Fundstrat Global Advisors LLC. The largest cryptocurrency is trading about 40% below its mid-February high, with a particularly notable drop between March 12 and 13, when it lost more than $3,000 in about 16 hours. Now it has broken below its 2015-2020 uptrend, leaving its price action “badly compromised,” according to technical strategist Rob Sluymer. This has all been happening as assets from stocks to bonds and currencies struggle to factor in the huge hit to global growth coming from ... (full story)

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TudorIoan
Mar 20, 2020 8:59am
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Recover what ?

There's no fundamental reason for a trash like bitcoin to grow. Bitcoin chart it's just the bet situation on this computer code showing how many real dollars people risk on this asset believing that it can "cure cancer" ...namely the current global banking system
The current global system ? They blame the world for their personal misfortune and miserable failure of their lives? Typical loser pattern
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Not-KPMG
Mar 20, 2020 5:24pm
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Months.....

Let me see.... Can I wait months
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Not-KPMG
Mar 21, 2020 6:19am
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Nice.
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