The price of Bitcoin might be losing bullish momentum in the short term, but on higher timeframes, the cryptocurrency is likely to extend its current rally. At least, this is part of what we spoke with Dave Weisberger, co-founder and co-CEO at CoinRoutes, a liquidity and algorithmic trading tool provider for the crypto market. Related Reading: Trader Who Bought Dogecoin In 2017 Maps Out Meteoric 37500% Rise To $26 As of this writing, Bitcoin trades at $34,200 with a 2% loss in the last 24 hours. As the bullish momentum seems to fade, some analysts expect BTC to return to the critical support area of around $33,000. This area must hold if BTC bulls want to prevent a more extensive correction. Bitcoin Becoming Digital Gold, Low Selling, And The Potential For 20x Profits On the back of the current macroeconomic landscape, Bitcoin has become more relevant as a global financial asset, a store-of-value, and “gold 2.0,” according to CoinRoutes’ co-founder. Weisberger has been sharing his bullish thesis on cryptocurrency and the impact of the spot market on the current rally. During our conversation, we spo ..
Support the originator by clicking the read the rest link below.
