Crypto News

Opinion: bitcoin has reached the bottom and ready to continue growth

Thursday began for the most capitalized cryptocurrency – bitcoin – with the continuation of the fall. The majority of the assets of the top 10 rating of the capitalization of resource CoinMarketCap showed a positive trend. At the time of writing news, BTC trading at $8395. The local low was recorded at $8000.

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According to some participants of the crypto community, touch bitcoins at $8000 indicates that BTC has passed the bottom, after which the asset should go in a new phase of growth.

Some of the users believes that the interval $8200-$8600 was a great time to purchase large quantities of cryptocurrency for those interested in joining the market players. In particular, we are talking about institutional investors wishing to participate in the auction of bitcoin futures.

In the opinion of co-founder Morgan Creek Digital Anthony Pompliano, the current drop was merely a pretext for a new wave of activity on the part of skeptics. In his specialist wrote the following:

“Every drop of bitcoin in the 5-10% is cause for shouting from the side of the skeptics. You want to ignore them. The point is that BTC continues to be an asset, which rose more than 200% this year alone. His position bitcoin confirms the status of the most profitable asset of the decade. And haters, in turn, hate facts and simple math”.

Earlier, the members of the crypto community have suggested that the cause of the fall of bitcoin exchange rate became unreasonable expectations about the launch of the platform Bakkt.

Source:cryptofound.com
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