It appears that cryptocurrency prices have finally begun to recover after enduring an extended bear market which lasted throughout 2018. As the market capitalization of Bitcoin (BTC)…
The market is running but we still haven’t seen the crazy alt pumps, pumps where coins do 40% in a day...is it coming?
However, prominent crypto investor Michael Novogratz believes that digital asset traders are a lot smarter this time, when compared to some of the bad investment decisions they might have made during the initial coin offering (ICO) craze of 2017.
If my calculations are correct, $XRP should be at least $10 real soon— CRYPTO BITLORD (@Crypto_Bitlord) May 19, 2019
Not this time. Market getting smarter. $btc will outperform.— Michael Novogratz (@novogratz) May 19, 2019
Bitcoin could fall to as low as $4,400. But [if] it does, it will be the best Bitcoin buying opportunity since 2015.
Then, after the rally that took place starting on April 25th, the same model told me a new bull market was now underway. The same model indicated a 30% to 45% correction due as of late April-early May and we seem to be experiencing that right now.
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