Bitcoin Price And The Bear(TM)
Bitcoin price is caught in a negative social mood. Trading below the critical $400 level, and descending, what can we say?
Price is drawing lower beneath its 200-period moving average. It is not clear if we’ll see $300 eventually, but negative mood pulls the king of commodities lower.
The amount of money invested in Bitcoin Core is large. Silicon Valley seems to think that they can disrupt that investment with a nilly-willy fork. That’s not clear thinking. Censorship-resistance means that Bitcoin Core remains a permanent feature and Classic(TM) and Unlimited will never succeed, like the failed pretender-XT.
SummaryBitcoin price is trading lower in negative mood. The antagonists are clear to see. Later we expect a reward-halving rally, but for now it’s lower on negative expectation.
https://www.cryptocoinsnews.com/bitcoin-price-and-the-beartm/
