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Bitcoin is displaying a ‘lethargic base’ and has yet to find a bottom, says analyst
Bitcoin prices traded marginally higher on Wednesday, continuing to oscillate either side of $3,500.
In Wednesday trading, one bitcoin BTCUSD, was fetching $3,629.91, up 1% since Tuesday at 5 p.m. Eastern Time on the Kraken cryptocurrency exchange.
Bitcoin’s share of the total value of all cryptocurrencies remains above 50% at 52.3%, according to data from CoinMarketCap.
What are analysts saying
Since tumbling through $6,000 on Nov. 14, bitcoin has yet to stage a substantial rally and analyst Jani Ziedens of the Cracked Market blog said the evidence is pointing toward another leg lower for the world’s best-known cryptocurrency.
...
https://www.marketwatch.com/story/bitcoi...2019-01-16
Bitcoin prices traded marginally higher on Wednesday, continuing to oscillate either side of $3,500.
In Wednesday trading, one bitcoin BTCUSD, was fetching $3,629.91, up 1% since Tuesday at 5 p.m. Eastern Time on the Kraken cryptocurrency exchange.
Bitcoin’s share of the total value of all cryptocurrencies remains above 50% at 52.3%, according to data from CoinMarketCap.
What are analysts saying
Since tumbling through $6,000 on Nov. 14, bitcoin has yet to stage a substantial rally and analyst Jani Ziedens of the Cracked Market blog said the evidence is pointing toward another leg lower for the world’s best-known cryptocurrency.
...
https://www.marketwatch.com/story/bitcoi...2019-01-16
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