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Is the Only Reason A Lot of People Think Bitcoin (BTC) Will Go Back to 2018 Lows Is Because They Missed Their Buy-In?


The Bitcoin price rallied to the $5,000-mark
last week, but there are some within the crypto circles who believe that Bitcoin
(BTC) is yet to hit rock bottom and it could plunge in coming weeks. Is
attitude could be born out of the fact that some of them missed out on buying lows
and expecting Bitcoin (BTC) prices to plunge lower so they can purchase at a
discount?

No Logical Reason Behind Bitcoin Not Hitting Its Bottom

DonAlt, a cryptocurrency investor and
trader recently suggested that those who wish for the BTC price to retrace back
to its former levels are those who did not buy at the lows and hope for it to
plunge so they can do that. The tweet read: “Why do I have the feeling that the only
reason a lot of people think BTC will go back to the lows is that they missed
their buy-in?”

Read: Repeating Fibonacci Cycles Could
See Bitcoin Hit $7,500 Before Dumping Back to $4k

And he had support. Some crypto
traders and investors seem to agree as they believe that the…



Read Full Story : Ethereum World News

2019-04-08 13:30:33

Dalmas Ngetich

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