Regulatory Maturity Will Drive Bitcoin Bullish Momentum, Says Analyst 149.72

Octagon Strategy, one of Asia’s largest digital asset brokerages, remains bullish on Bitcoin despite the recent downward trajectory that pushed the price below the $6,000 barrier last Friday. The company’s head trader told CNBC yesterday that a progressively formalized landscape will eventually drive prices higher.

Ryan Rabaglia, Head Trader of Octagon Strategy since 2015, a recent guest at CNBC’s cryptocurrency segment ‘The Coin Rush‘, explained his and the company’s long position on Bitcoin. The privately-owned commodity and digital asset trading firm is not worried about the downward push felt since all-time highs at the $20,000 area in mid-December 2017.

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