THELOGICALINDIAN - Bitcoin is activity bottomward and one arresting cryptocurrency analyst believes its still got a means to go Nevertheless the upside abeyant in the admirable arrangement of things is still massive
Ran Neu-Ner, architect and CEO of Onchain Capital and host of CNBC Africa’s “Crypto Trader,” believes Bitcoin has not begin its bottom.
Neu-Ner told CNBC’s “Fast Money” beforehand this week:
According to Neu-Ner, $5,000 is the key akin that anybody should be befitting a abutting eye on — and that could prove to be a axis point for those mining the aboriginal and foremost cryptocurrency:
The cryptocurrency host additionally acclaimed that the cryptocurrency bazaar is still adolescent and new, so amount drops and acute animation artlessly comes with the territory. He told “Fast Money:”
While day traders ability do able-bodied to break abroad from this prolonged bear market, Neu-Ner believes that anyone who absolutely believes in Bitcoin and/or blockchain technology should accede affairs the bazaar baton at these prices. He explained:
Bitcoin (BTC) is currently trading at $6,600.76, bottomward 3.93 percent over the aftermost 24 hours. The bazaar baton is bottomward 13.37 percent over the aftermost week.
Do you accede with Neu-Ner that Bitcoin is a acceptable buy in the long-term? Where do you anticipate the basal is? Let us apperceive in the comments below!
Images address of Shutterstock, CoinMarketCap.com.
