Cryptocurrency
Analyst Who Called Bitcoin’s Crash to $6,000 Says Ethereum Bottom In
As reported by NewsBTC, “Take one look at Bitcoin’s chart and you would assume that Ethereum, XRP, and all the rest have had a great 2019 too, but you would be sorely mistaken in saying that. Per previous reports from NewsBTC, since earlier this month, the price of ETH is actually down in 2019, which comes […]
As reported by NewsBTC, “Take one look at Bitcoin’s chart and you would assume that Ethereum, XRP, and all the rest have had a great 2019 too, but you would be sorely mistaken in saying that. Per previous reports from NewsBTC, since earlier this month, the price of ETH is actually down in 2019, which comes in stark contrast to Bitcoin’s 95% year-to-date gains.
“This harrowing price trend has been attributed to a confluence of factors, one such being that the PlusToken Wallet scam that brutalized many in the industry has a large portion of ETH that is being or will be liquidated, making investors price that potential sell-off in.
“Whatever the case, a prominent cryptocurrency analyst that has a solid track record has said that the technicals suggest Ethereum has found a bottom, potentially setting the stage for a return to a bull trend…”