Bitcoin Price Analysis: Expect Some Lower Lows Before the Next Bounce (bitcoinmagazine.com)

Two days ago, I outlined a potential BTC-USD price breakdown due the broken hypodermic trendline.  Since then, the price has dropped nearly $ 7,000 and is showing signs of further downward continuation.  Let’s take a look at the chart from the last BTC-USD market analysis:Figure 1:  BTC-USD, 4-Hour Candles, Trend Prior to BreakdownAs you can see, the price was…

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Early Bitcoin Investor Says Bitcoin Could Drop 50% Before Going Higher

Dan Morehead, CEO of Pantera Capital, a hedge fund focused on digital currencies, has told CNBC that Bitcoin may drop 50% before pushing to new highs. Morehead purchased Bitcoin at $ 72. While the statement appears bearish, Morehead was actually pointing investors in cryptocurrencies toward a …
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Bitcoin Frenzy Sees Price Top $16000 Before Losing 20% In Roller Coaster

Is Bitcoin mania peaking or is it just getting started? That's a question that has popped up at several capital market events in The City this week I attended. The jury seemed divided from discussions I had on the matter. And, when reading a double-page spread in the 'London Evening Standard' last night …
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