Bitcoin Watch – Blue Line Futures: Bitcoin price near bottom

Blue Line Futures president Bill Baruch, confirmed to CNBC, that Bitcoin has reached its floor. Mr Baruch said: “A bottom is a process not a price. Now that (Bitcoin’s) price and volatility are back down to earth, this bottoming process can begin.” Moreover, the selloff since its high in December 2017 “wiped out most, if not all, of the over-enthusiasm” and that reaching a bottom barrel price would come “more quickly and more constructively” if its current low of USD6,000 remains.

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