Despite being down 80 percent from its all-time high, a fairly large number of investors are still cautious and shorting bitcoin in a low price range. Bitcoin shorts achieved a 3-week high earlier this week, demonstrating a lack of confidence of investors in the cryptocurrency market in the near-term performance of bitcoin. But, according to a trader known to the cryptocurrency industry as “Galaxy,” bitcoin at $3,000 may be a rare opportunity that does not come again in the future. Why $3,000 For Bitcoin is Rare According to Galaxy, since its inception, bitcoin has established a trend of reaching a
The post Bitcoin is Cheap Until April, We’ll Never See Price at $3,000 Again: Trader appeared first on CCN
Read the original post: Bitcoin is Cheap Until April, We’ll Never See Price at ,000 Again: Trader
