Drop To $10,000 Zone Good For The Market According To Fundstrat

It has been a wild ride for cryptocurrency traders these past few weeks as the number one cryptocurrency by market capitalization experience again the typical wild price swings recently with the bulls now currently in control of the price movement.

After almost reaching year-to-date highs at around $13,000 the price of Bitcoin (BTC) plunged settling at a price of around $10,600 at the time of this writing which is about 25% down from yearly high of $13,900.

This recent development has resulted in a sentiment of Extreme Fear in the Bitcoin Fear and Greed Index, however, lead analyst at Fundstrat remains Bullish with is echoed by Morgan Creek’s Jason William stating that it is healthy to see a Bitcoin pullback.

Lee notes that the search interest for the Bicoin and Crypto has not reached 2017 levels suggesting that there isn’t massive hype gracing the market right now and there is much room to run and is only in the early stages of its next cycle.

He also thinks that the recent tweet from the President of United States of America as positive as it cements the idea that cryptocurrencies are a relevant topic on the global geopolitical and macroeconomic stage.


Headlines for the world of Cryptocurrencies - July 15, 2019

  • $5 Billion Tether Out Of Thin Air
  • Bull Market Still Driven By Retail Investors According To Binance Chief
  • PundiX Integrates With Traditional Sales Terminal
  • Larry Sanger Co-Founder Of Wiki On Blockchain, Internet And Knowledge
  • Mobile ID System To Launch In Korea
Headlines for the world of Cryptocurrencies - July 14, 2019
  • Justin Wants To Invite President Trump For Lunch With Warren Buffet
  • Blockchain-Powered Waste Management Launched In Italy
  • No VAT For Cryptocurrency In Georgia
  • Japan Looks Closely Into Facebook’s Libra
  • Crackdown On Mining Operations In China Might Be Good For BTC prices
Headlines for the world of Cryptocurrencies - July 13, 2019
  • Iran Becoming The Bastion For Cryptocurrency Miners
  • Coinbase Whales Buying Up BTC After $1500 Dump
  • Binance’s $2.5 Billion BNB Token Burn
  • State Of Brazil Releases Blockchain-Enhanced Government Bidding Platform
  • Crypto Now VAT-FREE IN Georgia





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