Bitcoin Remains Bullish, Don’t Look For Shorts Now: Analyst
Bitcoin remains bullish on a macro time frame according to the trader that predicted BTC would hit the $3,000s in 2020 months in advance.
He shared this chart below on September 6th, writing that BTC remains in a good state:
Chart of BTC's price action over the past two years with analysis by crypto trader il Capo of Crypto (@CryptoCapo_ on Twitter). Chart from TradingView.com
Long-Term Outlook Remains Bullish
Whatever happens to BTC in the near term, analysts are confident that Bitcoin’s long-term outlook remains bullish.
Pal believes that the ongoing situation with monetary stimulus, along with underlying issues in society and in finance, will drive records amounts of capital into Bitcoin.
Another individual discussing this sort of sentiment is Robert Kiyosaki, the author of “Rich Dad Poor Dad.” He recently commented:
How well Bitcoin performs remains to be seen.
Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Why a Historically Accurate Analyst Thinks It's Unwise to Be Short on Bitcoin Now
Originally from Bitcoinist.com https://ift.tt/2QXbJQW
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