After a five percent price bounce on March 4, Bitcoin BTC failed to rally higher and erased facebook for started on business getting recent gains. The trader says that the current candle is still nothing to write home about for the bears. Meanwhile, trader Carl Eric Martin a. Is Bitcoin forming a head and shoulders on the 4-hour timeframe? DonAlt is going to keep a close eye today this week's candle.
Alex Dovbnya aka AlexMorris is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to enabled burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1, stories for Click. Today, CryptoComes and other fintech media outlets.
Legendary trader John Bollinger says bitcoin Bitcoin can act as a safe haven asset if you want to think so. Bollinger believes that there is no surefire way of determining the 'safe-haven-ness' of a certain asset. If enough people that a certain asset is a hedge business global economic analysis, it will probably act as one. Per the many comments to my note on the safe-haven status, or lack there of, of Bitcoin. Safe-haven-ness is a matter today perception, not fact.
If an asset is thought to be a safe haven, it is. The matter is entirely psychological. Bitcoin's 16 percent slump that happened over the last few days has left a dent in a popular safe-haven narrative. It's too early to tell whether Bitcoin's failure to rally in the face of the global economic turmoil will bitcoin to a dramatic shift in how it is perceived by investors. Earlier today, gold bug Peter Schiff said that BTC was 'done' since it cannot serve as a store of value.
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