‘Emotional’ Bitcoin Bulls are ‘Grasping At Straws’, Claims Bloomberg Analyst14.4

A recent article in Bloomberg paints a less optimistic future of the crypto markets than you might typically find this week. Vildana Hajric reports that the GTI Global Strength Indicator of the Bloomberg Crypto Index, which tracks significant cryptos, has the same trends which led to its previous peak in January 2018. The index (and the price of major cryptocurrencies like Bitcoin and Ethereum) dropped over 65% after that. Analyst Calls Bullsh** on April Fool’s Day Run According to analyst Mike McGlone, the current “bull” trend is suspicious at its very best. He says that exchange volumes and transactions aren’t

The post ‘Emotional’ Bitcoin Bulls are ‘Grasping At Straws’, Claims Bloomberg Analyst appeared first on CCN

Original source
https://www.ccn.com/bloomberg-bitcoin-bulls-grasping-straws

Add comment

Please Sign in to be able to leave comments.