Tag Archives: bitcoin bears

Bitcoin BTC Price Analysis – Bears Push for Wedge Break

Bitcoin (BTC) Price Analysis -  Bears Push for Wedge Break

Bitcoin (BTC) Price Analysis – Bears Push for Wedge Break

Bitcoin recently broke below its falling wedge consolidation to signal that selling pressure is picking up.

Bitcoin broke below its falling wedge consolidation pattern to signal that bearish momentum is picking up. However, price seems to be stalling at the $3,300 level so a pull back to the broken areas of interest may be in order.

Applying the Fib retracement tool on the latest swing high and low shows that the 50% level lines up with the broken wedge support which might be enough to keep gains in check on a correction. The 61.8% Fib is back inside the wedge but might still serve as resistance since it’s close to the 100 SMA dynamic inflection point.

On the subject of moving averages, the 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the sell off is more likely to resume than to reverse. In addition, the gap between the moving averages is widening to reflect increased selling momentum.

RSI is already indicating oversold conditions, though, and turning higher could show that buyers might be ready to take over. Stochastic is heading south but is also in the oversold region to signal that sellers are feeling exhausted.

Bitcoin seems to have gotten another blow from the SEC announcement to once again delay their ruling on the bitcoin ETF. Although there were already hints earlier from SEC Chairperson Clayton that they’re not likely to approve the proposed rule change anytime soon, the actual decision still seemed to inspire a wave of selling.

However, it’s also important to note that this decision comes after a meeting with representatives from VanEck and SolidX on how ETFs on gold and other commodities may be comparable to the one they’re proposing on bitcoin. In fact, the companies pointed out that bitcoin ETFs may be less prone to market manipulation, so the decision to delay instead of completely reject might prove to be a positive development.


Rachel Lee by Rachel Lee December 7, 2018 in Bitcoin Price Analysis

Alan Zibluk Markethive Founding Member

Bitcoin going to 1500- Bloomberg Analyst

Bitcoin going to $1500- Bloomberg Analyst

Bitcoin going to $1500- Bloomberg Analyst

Mike McGlone, a Bloomberg intelligence analyst has predicted that bitcoin is possibly going to fall to $1500 soon. Bitcoin price fell down yesterday up to $3668 which is quite near the yearly low of $3522 that was achieved just a few days back on November 26. Bitcoin remained stable above $3900 for a few days but could not hold on to the selling pressure and crashed hard yesterday and may soon test the $3500 support yet again.


Bloomberg Report

Bitcoin price started its crash in May this year while trading above $9000 and falling to $6500 in July due to massive selling in just a matter of two months.

According to the report published by Bloomberg intelligence analyst, bitcoin and other prominent cryptos will likely fall and bitcoin can turn up to $1500 soon. The price of bitcoin has fallen more than 80% from the last December when it was trading around $19500. According to Mike, the price would fall around 60% from the current price.

Mike also mentioned that there is quite little to stop the price of bitcoin to fall to $1500, the reason starting from bitcoin cash hard fork and year-end tax purposes, and many other matters.

The cryptocurrency market has experienced a huge amount of selling in the month of November which resulted in billions being washed off from the crypto market. Mike mentioned that the market is currently reversing the rise of 2017.


Crackdown by SEC

The SEC is continuously engaged in cracking down the cryptocurrency space. In November, SEC had imposed huge fines on two companies that did not register their ICO as securities with the SEC. Cryptocurrency investors have been waiting for the approval of Bitcoin ETF from a long time but according to last week’s statement of SEC’s head, there is still an absence of investor protection in the crypto space, therefore the approval of Bitcoin ETF will not be done anytime soon.


Market Crash

The market crash of November this year has been the worst crash since 2011. According to Mike, lower prices help to reduce volatility in the market. Mike also mentioned that the current price drop is somewhat positive as due to lower prices there is lower volatility, less speculation, and the preponderance of stable coins.

Other cryptocurrency analysts also predict a drop in prices but higher than $1500. Some are predicting $2500 to be the lowest price while other predict $3000. On the other side, Tom Lee, the bitcoin bull is still predicting $15000 price at the end of this month.


Published 44 mins ago on December 5, 2018 By Layla Harding Mike McGlone,



Alan Zibluk Markethive Founding Member

Bitcoin Price Weekly Analysis: BTCUSD Nosedives Below 3800

Bitcoin Price Weekly Analysis: BTC/USD Nosedives Below $3,800

Bitcoin Price Weekly Analysis: BTC/USD Nosedives Below $3,800

Key Points

  • Bitcoin price fell significantly and traded below $4,000 and $3,800 against the US Dollar.

  • There is a major bearish trend line formed with resistance at $4,200 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).

  • The pair is under pressure below $3,800 and it could even break the $3,500 support level.

Bitcoin price tumbled more than 15% and broke the $3,800 support against the US Dollar. BTC/USD could accelerate declines towards the $3,500 level.

Bitcoin Price Analysis

This past week, there was a tiny upside correction above the $4,300 level in bitcoin price against the US Dollar. However, the BTC/USD pair failed to gain traction above the $4,400 and $4,500 resistances. As a result, there was a sharp downside move and the price declined below the $4,000 support. The price declined more than 12% and it is currently trading well below $3,800 and 100 simple moving average (4-hours).

A new yearly low was formed at $3,620 and it seems like the current decline is not over. The last swing low was at $3,678 before the price started an upside correction. It moved above the 23.6% Fib retracement level of the recent decline from the $4,340 high to $3,678 low. However, the upside move was capped by the $4,000 level. The price was also rejected near the 50% Fib retracement level of the recent decline from the $4,340 high to $3,678 low. Finally, the price declined again and broke the $3,678 swing low. A new low was formed below $3,650 and it seems like there could be more losses. The next key support is near $3,500, below which the price could test $3,200.

Looking at the chart, BTC price is facing a lot of selling pressure below the $4,000 and $3,800 level. If there is an upside correction, the price could face sellers near $4,000.

Looking at the technical indicators:

4-hours MACD – The MACD for BTC/USD is placed heavily in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is currently well below the 20 level.

Major Support Level – $3,500

Major Resistance Level – $4,000



Alan Zibluk Markethive Founding Member

There Is No Bitcoin’ – What the SEC Doesn’t Get About Cryptocurrency

There Is No ‘Bitcoin' - What the SEC Doesn't Get About Cryptocurrency

There Is No ‘Bitcoin’ – What the SEC Doesn’t Get About Cryptocurrency

The U.S. Securities and Exchange Commission (SEC) has been gone to significant lengths in an attempt to understand the crypto asset space. This effort is to be applauded. However, the SEC has failed to come to terms with one fundamental aspect of crypto assets and systems.

Namely, properly constructed crypto systems do not involve “persons” or “entities” and do not represent a form of property. For this reason, they do not have any analogue in the traditional financial world, nor can they fall under financial regulation.

In the traditional financial world, assets are a claim on a specific property. For example, a commodity, shares in a company or a debt owed.

Crypto assets, however, are not a claim on anything. What is bitcoin a claim to? Or ether?

Instead, crypto assets are a form of proof. They are cryptographic proof that a specific set of mathematical functions has been performed. They are proof that certain software instructions have been performed and of the algorithmic outputs of that software. And crucially, the mathematical functions are performed by nobody in particular, they are performed by the network as a whole.

Property is “ownership determined by law.” Crypto assets are not property because they are not determined by law – they are determined by maths. This presents some obvious issues when it comes to figuring out exactly how to regulate them.

There is no bitcoin

Many people today speak of cryptocurrencies in the shorthand of property. They say things like “Alice transferred a bitcoin to Bob,” but we shouldn’t let this metaphor confuse us.

In actual fact, there was no bitcoin that existed anywhere and it didn’t move from any one place to another.

In “The Matrix,” Neo understood the true nature of the world when he understood that “there is no spoon.” Likewise, we can only understand the true nature of blockchain when we recognize that “there is no bitcoin.”

Instead, what really happened is that Alice proved to Bob that she had certain secret knowledge and that she had used that knowledge to perform a mathematical operation. But wait, the rabbit hole goes even deeper.

Even “Alice” and “Bob” are misleading fictions. Alice is not necessarily a person, that is shorthand too. Alice is really only an address – an output of a hash function, that may or may not be associated with a specific “entity.”

Now, of course, sometimes Alice is a person. And sometimes Alice created a “token” (another metaphor) and sold it to Bob as an investment. In which case, arguably that was a securities offering and can be regulated by the SEC.

However, the SEC doesn’t stop there. The agency wants to regulate what happens to those tokens, as they interact with smart contracts too. In its November 16 “Statement on Digital Asset Securities Issuance and Trading,” the agency says:

“Any entity that provides a marketplace for bringing together buyers and sellers of securities, regardless of the applied technology, must determine whether its activities meet the definition of an exchange under the federal securities laws.”

An “entity” here refers to a legal person.

As an example, they use EtherDelta, and specifically its smart contract, saying:

“EtherDelta’s smart contract was coded to, among other things, validate order messages, confirm the terms and conditions of orders, execute paired orders, and direct the distributed ledger to be updated to reflect a trade.”

Here is where taking metaphorical thinking can easily go too far, and where the SEC is introducing vague and problematic language. EtherDelta, as an entity, provided various services (such as a webpage user interface for interacting with the smart contract). EtherDelta also developed the smart contract.

But who “provided” the smart contract? Who performed its functions? Not EtherDelta or anyone else in particular.

The SEC might regulate the EtherDelta website but to attempt to regulate the smart contract is a result of confusion.

The rabbit hole goes deeper

This confusion gets worse when the SEC talks about secondary markets for these “securities.”

Crypto assets are so new that even many experienced practitioners are confused and think that they represent a distinct property. As a result, as an industry, we have been far too willing to indulge the SEC view that since something was the product of a securities offering, it remains a security thereafter. Once we realize that there are no “tokens” and no “property,” we realize that this is a categorical error.

It becomes easy to see this error when one imagines the following scenario: Bob, having purchased the tokens from Alice sends them to a smart contract owned by nobody. He has given up claim of ownership – which would mean that no legal entity owns the “security.”

By definition, a security is an “investment contract.” A contract is “an agreement between legal persons, creating obligations that are enforceable by law.”

So for something to be a security, it must, therefore, (a) be between legal entities and (b) be enforceable by law (not math).

Tokens held by smart contracts fail both these tests. They cannot properly be described as securities. However, the SEC is suggesting something radically new: that a set of instructions which involves no agreement, no persons and is not enforced by law (but rather by math) can yet still be viewed not just as a contract but as a security. This is a radical departure from existing law.

Property laws and financial laws rely on enforcement by governments. Since there are many governments and their jurisdictions are limited, there is no truly global system of enforcement that is appropriate to the borderless world of the internet.

A huge potential benefit of crypto assets is that they overcome this problem — by not being a product of law or limited to its jurisdiction.

The SEC, for obvious reasons, would like to establish jurisdiction over crypto assets. However, this jurisdiction is only appropriate where there are legally enforceable contracts between legal entities.

For the SEC, or anyone, not to recognize this important distinction is a recipe for overreach and confusion. It has the potential to rob many of us for the benefits of a truly global, digital method of managing ownership and value.


Edan Yago

Nov 22, 2018 at 05:00 UTC

Alan Zibluk Markethive Founding Member

Bitcoin price plunges below 4500 mark in new 2018 low

Bitcoin price plunges below $4,500 mark in new 2018 low

Bitcoin price plunges below $4,500 mark in new 2018 low

The price of bitcoin continued to plunge on Tuesday as it fell another 7% to $4,387, taking its losses to almost 30% in the past week.

A 14% tumble in the price of the world’s biggest and best-known cryptocurrency on Monday had taken bitcoin below $5,000 for the first time in 13 months. It is now at its lowest level since October last year.

Other cryptocurrencies have also declined in the past days.

Why central bank digital currencies will destroy bitcoin

Last December the cryptocurrency surged to an all-time high of $19,511 in highly volatile trading but fell back to $13,500 at the start of this year.

“The crypto bloodbath continues,” said Neil Wilson, the chief market analyst at Markets.com. “Things looks like they only get worse from here. Where is the incentive to buy? It does rather look like the bottom is coming out of this market.”

On Friday, the US Securities and Exchange Commission took action against two cryptocurrency startups that staged initial coin offerings, or ICOs, selling cryptocurrency tokens to the public. Airfox and Paragon Coin agreed to pay civil penalties for conducting token sales last year without registering them as securities offerings.

That sparked numerous warnings from central bankers and JP Morgan boss Jamie Dimon who declared in September 2017 that bitcoin was a fraud that would ultimately blow up.

However, this year bitcoin has become increasingly attractive to institutional investors. Fidelity Investments announced last month that it was launching a new company for institutional clients that will trade and store cryptocurrency assets. Fidelity said it wanted to make them more accessible to investors such as hedge funds, family offices and market intermediaries.

Central banks have also begun to discuss the idea of issuing their own digital currencies, as cash is used less and has nearly vanished in some countries, such as Sweden and China.


Nouriel Roubini

Alan Zibluk Markethive Founding Member

Bitcoin BTC Long Term Price Forecast


Bitcoin (BTC) Long Term Price Forecast

BTC/USD Long-term Trend: Ranging

Resistance levels: $7,200, $7,400, $7,600

Support levels: $6,400, $6,200, $6,000

The price of Bitcoin was range bound in the first week of November 2018. In retrospect, the digital currency was ranging above the $6,400 price level all through the month of October 2018. The major bearish event is that on October 11, the bears went deep into the $6,200 price level. While on October 15, the bulls had a price spike that reached the high of $7,600 but price pulled back to the low of $6,500.

That was why we had a price ranging above the $6,400 price level. On November 7, the price reached a high of $6,565.66 but was resisted. The digital currency was in a downward trend after the resistance at $6,600 price level. The digital currency is likely to fall because price is in the bearish trend zone. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


By Azeez M – November 10, 2018

Bitcoin (BTC) Long Term Price Forecast

Alan Zibluk Markethive Founding Member

Will Bitcoin cost 28000 by 2020? Vinny Lingham bets 20000 that it won’t

Will Bitcoin cost $28,000 by 2020? Vinny Lingham bets $20,000 that it won't

Will Bitcoin cost $28,000 by 2020? Vinny Lingham bets $20,000 that it won't

  • Vinny Lingham and Ronnie Moas bet on Bitcoin price movement.

  • BTC/USD resumes the decline during Asian hours.

The co-founder & CEO of the US-based startup Civic Vinny Lingham accepted the call from Ronnie Moas, the founder of investment company Standpoint Research, and bet $20,000 that Bitcoin price won't exceed $28,000 before December 31, 2019.

Moas believes that the demand for Bitcoin will be growing amid limited supply, which will lead to a substantial price increase up to $28,000 in 2019 and potentially to $50,000 by the end of 2020. Meanwhile, Lingham says that companies will have to sell their coins to cover expenses as mining and other cryptocurrency related activities are not that profitable anymore.

Whoever wins the bet, $20,000 will go to Free Ross charity, a group that provides a legal assistance to Silk Road creator Ross Ulbricht.

Meanwhile, Bitcoin dropped to $6,440 in Asia after an initial attempt to recover above $6,500. The most popular coin is changing hands at $6,444 with the Relative Strength Index pointing to further declines. The initial support lies with $6,400 with SMA200, 1-hour located right under that level. If it is cleared, the downside may be extended towards $6,300 congestion zone.


Tanya Abrosimova Tanya Abrosimova

FXStreet | 04:07 GMT

Alan Zibluk Markethive Founding Member

Bitcoin weekly price analysis 6112018


Bitcoin weekly price analysis – 6.11.2018

After dropping down to a low of $6,242 last week, bitcoin price started rising regularly hitting a week high of $6,529. Even though technical analysis of last week’s charts denoted that we are likely to witness a bearish market during most of the week’s trading sessions, a new upwards wave began manifesting itself last Wednesday following a short bearish move. The BTCUSD pair seems to be moving within a new rising upwards channel, which will not face significant resistance except around the $6,606 price level.

Bitcoin price and the news:

Last week witnessed circulation of news around a letter reporting supposed solvency of Tether (USDT), as a result to Tether’s new bank headquartered in the Bahamas (Deltec). Tether’s problems and allegations concerning Bitfinex’s insolvency have been raising significant concerns among the crypto community during the past few weeks.

Bitcoin traders are still waiting for serious decisions to come out from the SEC during the next few weeks. The SEC is expected to soon decide whether or not to approve Bitcoin ETFs. Also, the SEC is on its way to regulate ICOs with emphasis on three key elements of this blockchain based crowd funding process – issuers of ICOs, investors of unregistered ICOs, and exchanges facilitating trading of unregistered ICOs.

The retail banking giant JP Morgan is about to release its very own blockchain, which is expected to offer its huge client base a myriad of trading opportunities.

HTC, the Taiwanese mobile phone manufacturer, is launching its first blockchain-friendly smartphone, which is expected to feature compartmentalized storage of various forms of blockchain based data. The highly anticipated mobile phone will be available for purchase via cryptocurrencies only.

New rising upwards channel on the 4 hour BTCUSD chart:

Let’s examine the 4 hour BTCUSD chart from Bitfinex, while plotting the Williams Alligator’s SMAs, and the MACD indicator as shown on the below chart. We can note the following:

– Last week started with the market’s bears having the upper hand, managing to pull price downwards from around $6,512 all the way down to a week low of $6,242 on Wednesday. Thereafter, the market’s bulls gained control pushing the price steadily upwards to a week high of $6,529 on Sunday.

– Since last Wednesday, bitcoin price began recording higher lows during most of the trading sessions. Also, higher highs can be spotted on around 50% of the candlesticks on the 4 hour chart. The rising trend line formed by the highs, as well as the rising trend line formed by the lows formed a “rising upwards channel” (the two parallel green trend lines on the above chart). Bitcoin price has been moving throughout this new rising channel since last Wednesday, and is likely to continue rising throughout this channel until facing resistance around the $6,606 price level, which represents the 76.4% Fibonacci retracement between the high at $7,788 and the low at $6,242.

– The SMAs of the Williams Alligator have re-aligned themselves to exhibit a bullish alignment as bitcoin price began rising throughout the new rising channel. On Sunday, the green SMA (lips) moved on top of the red SMA (teeth), which rose above the blue SMA (jaw). As such, it is said that the alligator’s mouth has opened and will start eating, so we can expect to see a stronger bullish wave during the upcoming few days.

– The aforementioned bullish signals are confirmed by the MACD which is also exhibiting a bullish signal. The blue MACD line is on top of the red signal line and both are sloping in an upwards direction in the positive territory.

Ichimoku Cloud still red on the 1 day BTCUSD chart:

Now, let’s examine the 1 day BTCUSD chart from Bitfinex while plotting the Ichimoku Cloud, the RSI, and MACD indicator as shown on the below chart. We can note the following:

– The bullish signals we spotted on the 4 hour chart are not confirmed by analyzing the 1 day chart, as the Ichimoku Cloud is reddish (bearish), and its Conversion line (blue) has moved below the Base line (red). Also, candlesticks are below the cloud.

– The RSI level is near 50, which is more or less indecisive. The MACD indicator is in the negative territory and the MACD line is below the signal line.


After recording a low of $6,242, a new bullish wave started building up last week pushing bitcoin price to a week high of $6,529. As bitcoin price is now moving throughout a new rising upwards channel, we can expect it to continue rising during the upcoming week towards the resistance around $6,606, even though we cannot confirm the bullish move by analyzing the 1 day BTCUSD chart.



Bitcoin weekly price analysis – 6.11.2018

Alan Zibluk Markethive Founding Member

BTCUSD Price Analysis – Fate of Nine Bitcoin ETFs to Be Decided After Today

BTC/USD Price Analysis – Fate of Nine Bitcoin ETFs to Be Decided After Today

Encouragingly, the market is bullish and Bitcoin is up printing a three-bar reversal pattern as participants reject lower lows. We expect the recovery to continue this week as the SEC is set to announce the fate of nine Bitcoin ETF as the commenting period concludes today. Should these proposals be compliant with SEC stringent requirements then BTC/USD price could erupt above $7,200 closing the year on a high.

Latest Bitcoin News

Endorsement by the US SEC is always a boost for any crypto asset. Any unfavorable assessment or comment in a bad light can quickly mean the asset is a security. That’s undesirable and extra work for investors who must file tax returns whenever they make crypto transactions. That is extra work that prevent direct investment. The question in everybody’s mind right now is news about Bitcoin ETF whose comment date ends today.

Up until now the SEC has been adamant, denying the roll out of nine Bitcoin ETF from Direxion, Proshares and GraniteShares. Apparently, we have come to learn that the rejection was because of the SEC commissioners delegating these tasks to their staff. They did recall and ordered comments from interest parties to be made by Nov 5-which is today. From there on, we expect the SEC to make their decision but the exact time remain tentative.

Earlier, it was widely reported that the SEC would qualify VanEx SolidX Bitcoin ETF after a “successful” meeting between representatives of the VanEx, CBoE and some SEC commissioners. Hopefully, they make a favorable decision and allow firms that meet their stringent listing requirements a go-ahead injecting the market with the much-needed momentum.

BTC/USD Price Analysis

The recovery of the BTC/USD is an indication of a bottoming crypto market. Considering the +75 percent drop this year, odds are we may see a recovery this quarter. Aside from technical factors, the simmering trade war between the US and China could trigger capital flights from the stock market to Bitcoin which is borderless. As such, last week’s 0.2 percent gain could increase as prices bounce off from the $6,000 support line and building on the bull pin bar of last week. In line with our last BTC/USD price analysis, it would be ideal if prices thrust past the resistance trend line connecting the last nine months highs and print above $7,000–$7,200 buy trigger line. Thereafter, first targets would be $8,500 and later $10,000.

Technically, BTC/USD pair is trading within a bear break out pattern following Oct 29 price action. But, after yesterday’s rapid gains, we now have a three-bar, bull reversal pattern. Besides, our last BTC/USD plan will most likely be null after today. Regardless of the greens, we recommend patience until we see gains above $7,000 resistance level. Then, the trend would be clear and price action would be trading above a key resistance level at the back of high reversal volume.



Alan Zibluk Markethive Founding Member

Currently Bitcoin is gaining strength Report by OneAlpha says

“Currently, Bitcoin is gaining strength,” Report by OneAlpha says

“Currently, Bitcoin is gaining strength,” Report by OneAlpha says

"The December 2017 and January 2018 boom and bust had a cleansing effect on the ecosystem"

A report published in October by OneAlpha revealed that Bitcoin’s market was gaining strength after the 2018 correction. The stability of the last weeks is a sign of maturity of the markets that seem to have passed the hype stages -both bullish and bearish- of the previous months.

OneAlpha is an Israeli firm part of First Digital Assets Group; a fintech that defines itself as “the leading digital assets group in Europe.”

OneAlpha Report: Bearish Trend Is A Good Thing For The Market

According to the report, the current bearish trend was necessary. This decline in the markets served as a “relief” and generated a “cleansing effect” on the ecosystem.


The facts seem to prove the OneAlpha team right. After the abnormal bullish streak of 2017, many people entered the market in an abrupt and immature way. The 2018 correction seems to have given Bitcoin back the stability needed to gain more credibility as a “market” instead of its previous “bubble” image:

“From our perspective, the prolonged bear market provided the sector with a much-needed relief, lowering valuations to a more sensible level. Despite the considerable correction, a large portion of the value represents the future potential of the network rather than its current one. The December 2017 and January 2018 boom and bust had a cleansing effect on the ecosystem, removing many of the speculators and leaving mainly real investors, operators, and builders in the market. This is what was necessary to move forward and build a successful ecosystem.”

Bitcoin: Best Currency / Ethereum: Best Platform

The report is clear in dividing the cryptocurrency market into different branches. The first one is composed of well-known cryptocurrencies. For OneAlpha, 2018 has been a year during which Bitcoin has strengthened, recovering part of the influence taken away by other altcoins:

“Currently, Bitcoin is gaining strength and captures more than half of the total crypto market cap. Ethereum captures 10% of the total market cap. There are currently more than 2,000 traded crypto assets and more than 1,000 unique tokens worth around $14 billion. 87% of the tokens are Ethereum based, with NEO and Waves capturing around 2.4% each …

Of this valuation, it is noticeable that Bitcoin captures about 71% of all currencies and Ether 54% of all platforms.”

An Optimistic View Of The Future

The Report also highlights the importance that ICOs have had in increasing interaction with the public (despite cases of fraud and constant failures). It also points out the increase in institutional investments and blockchain technology patents registered in China and the United States.

The report gives a fairly positive view of the situation considering the facts from a broad perspective. Market behavior in 2018 is, according to analysts, a natural and necessary reaction to the craziness of 2017:

“We are experiencing a phase of sobriety and maturation – a decline in retail investment and a more careful, responsible approach from institutional investors on one hand and regulators around the world on the other. A long bear market might be the ideal climate to let the dust settle and examine, both internally and externally, the true possibilities that lay within the cryptocurrency and blockchain ecosystem. Ultimately, the goal is to take a step further and bridge the gap between consumers, traditional investors, and blockchain technology.”


Jose Antonio Lanz by Jose Antonio Lanz November 4, 2018 in Bitcoin News 0

Alan Zibluk Markethive Founding Member