To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Zuckerberg discussed "TikTok danger" during private dinner with Trump

Facebook spokesman says that Zuckerberg 'cannot remember' discussing the issue of TikTok wit...



Robert Slammer believes that the price of bitcoin could "grope" the bottom



At the same time, there is a possibility that the downward movement will not end soon.



03.Jun.18 11:05 PM
By Abigail Richards
Photo Toinnov.com

   281

Robert Slammer believes that the price of bitcoin could "grope" the bottom
Managing director and technical strategist of Fundstrat Global Advisors, Robert Slammer, after analyzing, concluded that the price of the most popular cryptocurrency could "grope" for the bottom, but there is a possibility that the downward movement will not soon end.

According to Slammer, for technical analysis, the price of this cryptocurrency this week showed a positive trend within the correction, but so far there are no hints that soon the downward movement will stop. There is an assumption that bitcoin will continue its fall and may well reach six thousand dollars for one coin.

Also, Slammer noted that the relative strength index of the cryptocurrency speaks about oversold, but for the time being it is not worth talking about the worst results.

Previously, we wrote that the founder of Pantera Capital Management, Dan Morehead advises buying bitcoin now, while it's cheap.

The graph of the dynamics of the change in the exchange rate of Bitcoin (BTC) to the US dollar is available here.



Back to the list


Related Information: