Tag Archives: bitcoin bear

Bitcoin volatility fading away -where from here?

Bitcoin volatility fading away -where from here?

Bitcoin volatility fading away -where from here?

  • BTC/USD is hovering around $4,300.

  • Mati Greenspan says volatility is good for Bitcoin's popularity.

Bitcoin is hovering around $4,300 handle, locked in a narrow range with the upper border at $4,400. The first digital coin has calmed down after a volatile week as the market players seek to understand what comes next.

According to Mati Greenspan, a senior market analyst at eToro, volatility growth brought the discussion of crypto mass adoption issues to the forefront.

“Certainly, it would be better for the use case of cryptocurrencies if they remained more stable, or to see a slow but steady increase in prices. But let’s be straight, would bitcoin be as popular as it is today if not for the wild volatility?” he commented.

Mr. Greenspan believes that the bull run of 2017 brought a vast amount of new users to the crypto universe.

“The outrageous bull run of 2017 has been largely responsible for bringing an unprecedented number of new users into the network but it seems that excitement can be generated on the way down as well.”

Bitcoin's technical picture

From the short-term point of view, BTC/USD is supported by SMA50 (1-hour) at $4,166. Once this level is cleared, the downside may be extended towards critical $4,000 with SMA200 (1-hour) on approach. A sustainable move under $4,000 with expose $3,900-$3,870 area

On the upside, the nearest resistance lies with congestion zone $4,500, which needs to be cleared before we can proceed to the next psychological hurdle $5,000.

BTC/USD, 1-hour chart


Tanya Abrosimova


Alan Zibluk Markethive Founding Member

Bitcoin won’t Break 9000 this year says Mike Novogratz


Bitcoin won’t Break $9000 this year says Mike Novogratz

One of the most prominent Bitcoin bull, Billionaire and CEO of Galaxy Digital Firm Mike Novogratz has turned short-term bearish, suggesting that Bitcoin will not break $9000 by this year end.

Speaking at Economist’s Finance Disrupted 2018 conference in Manhattan, 3rd October Novogratz suggested that he doesn’t see much chances of Bitcoin breaking the current ‘slump’ CNBC Reports.

He said:

“I don’t think it breaks $9,000 this year”


Novogratz had told that Bitcoin had bottomed in September when it was in the range of $6300-$6400, however, he still does not see Bitcoin breaking the $10000 mark by the end of this year.

The hedge fund Titan has always been bullish on Bitcoin, even before the bull run in 2017. At the time he had predicted that Bitcoin could hit $40000 easily by the end of 2018.

He expects the FOMO rally to happen anytime after the second quarter of 2019 driven by institutional investors this time instead of retail investors. We know that products like Bakkt are going to launch this year end which will make it easier for institutions to set foot in this industry.


one Vays criticized Novogratz for creating unrealistic expectations, Vays Tweeted:

Soooo, this is interesting, I have been going against @novogratz everytime he was in the news pumping #Bitcoin but how to be contrarian now?

My Take: "He is under pressure from investors on his losing $BTCUSD / #crypto position & needs to now creat 'realistic' expectations" pic.twitter.com/oDusRDcoPd


— Tone Vays [@Bitcoin] (@ToneVays) October 3, 2018

Novogratz has been actively working on building the infrastructure in the Crypto ecosystem, Novogratz’s Galaxy Digital management partnered with Bloomberg earlier this year to create a Cryptocurrency index benchmark.


Blockmanity’s Take

Bitcoin had an insane rally back in December-January which was clearly driven by a lot of speculation and the market has undergone a correction of over 70% after that which is only natural. It is not easy for anyone to predict the exact timing of these market cycle and how exactly it will play out. One should do their own due diligence and have a basic understanding of the asset class before investing and not take any one person’s word to determine how the markets will play out.

Shrikar POSTED ON OCTOBER 4, 2018

Bitcoin won't Break $9000 this year says Mike Novogratz

Alan Zibluk Markethive Founding Member