News: Could Bitcoin Collapse By 25% to $6,000? GBTC Premium Implies So − 稼げる投資系口コミ情報サイト【Trade Center】

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https://www.newsbtc.com/?s=Could%20Bitcoin%20Collapse%20By%2025%25%20to%20%246%2C000%3F%20GBTC%20Premium%20Implies%20So

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Transcript:

0:00:00 Could Bitcoin Collapse By 25% to $6,000? GBTC Premium Implies So

0:00:07 This update is brought to you by “CoinCheckup News Updates” and was originally published on “NewsBTC”.

0:00:13 As reported by NewsBTC yesterday, the Bitcoin price has been relatively trendless as of late, falling under $8,300 after attempting to consolidate above $8,500. Some say that this non-volatility is an indicator that this market may soon break higher, looking to the fact that market trends, fundamentals, and the macro backdrop have started to trend in favor of decentralized monies.

0:00:37 However, one analyst is warning of impending collapse.

0:00:40 Timothy Peterson, an analyst at Cane Island Alternative Advisors, recently drew attention to a harrowing sign in a blog post.

0:00:48 “The relationship between GBTC premium and bitcoin price has not been stable and predicable over time.

0:00:54 There has been some evidence to suggest that collapse is not inbound, though.

0:00:59 Namely, the thesis held by many investors that the recent collapse in the Bitcoin price from $10,000 to $7,700 was a microcosm of 2018’s bear market.

0:01:10 More specifically, they say that this 20% collapse and the subsequent consolidatory price action is similar to what took place at the end of 2018 and at the start of 2019, during which Bitcoin fell from $6,000 to $3,000 in a short period of time.

0:01:25 $BTC: In addition to the fact that bitcoin moves in cycles, many movements on the chart are repeated on completely different time frames, because these are ordinary patterns.

0:01:35 I have gained confidence in the similarity of these two situations, so at the moment I’m bullish.

0:01:41 The post Could Bitcoin Collapse By 25% to $6,000?

0:01:46 Thanks for checking out this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “NewsBTC”, who originally published this news update on their website.

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