Bullish or bearish? Crypto analysts share their view for where the market could go from here |
The crypto markets have been on a rollercoaster so far this year. The price of Bitcoin has seen wild swings, with the currency surging from a high of $20,000 in December to less than $7,000 as of August. Since then, Bitcoin has been trading in a range of $8,000 to $10,000, with no clear direction in sight.
The cryptocurrency market is known for its volatility, but the answer to where it could go from here is not as obvious as you might think. Cryptocurrencies are known as “digital gold”, but they are not the same as real gold. There are many different cryptocurrencies and while they all have their own value, they are not all equally valuable.
Both investors and traders are always on the look out for the next big thing to invest in. As the narrative goes, one should always never invest in something that one does not fully understand. However, some can be so quick to dismiss something that they do not fully understand in the first place. The crypto market follows a similar trend, where some are pointing out that there will be a bearish trend in the market, while others are pointing out that there will be a bullish trend in the market.. Read more about bearish crypto meaning and let us know what you think.
Taurus or bear? Cryptocurrency analysts share their views on where the market could be heading.
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Edge ‘ Analysis
After the 19th. May saw one of the biggest declines in crypto-currency history, most people still don’t know which direction the market will go.
Antonio Madeira – 25. June 20, 2021 at 8:00 UTC – 7 minutes reading
It seems that the cryptocurrency sector is well positioned for sustained long-term growth.
However, the mood for the near future may not be so positive.
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As an independent organization in the blockchain industry, we are guided by strict editorial policies that emphasize objectivity and transparency in our reporting.The year 2019 has been a rollercoaster ride so far, with crypto markets continuing to soar as they recover from last year’s crash. In the past year, bitcoin has enjoyed the most meteoric rise in price since its inception. Bitcoin, the oldest and most well-known cryptocurrency, has been recently dwarfed by its younger sibling—Ethereum—which is the second-largest cryptocurrency by market cap. While crypto markets have been doing well, the question remains—where will they end up at the end of 2019?. Read more about bullish cryptocurrency and let us know what you think.
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