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Bitcoinist 2019-08-25 04:10:34

CNBC Analyst Explains Why He is Bearish on Bitcoin

Earlier this week CNBC Fast Money host Brian Kelly said he is short-term bearish on Bitcoin price based on a drop in daily active addresses. Does this mean BTC will drop lower? Bitcoin bobs and weaves Bitcoin has spent the last week bobbing and weaving at the $10K line. $10,350 stood as a stiff resistance level for nearly 3 days, then when overcome, $10,500 delivered the uppercut that smashed BTC back to a former resistanceRead MoreThe post CNBC Analyst Explains Why He is Bearish on Bitcoin appeared first on Bitcoinist.com.

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