On my last video, I spoke about the amazing partnership with Starbucks, ICE, and Microsoft and the bullish news where the owner of the NYSE said “bitcoin could be the first worldwide currency”. If this was 2017, bitcoin would have easily surpass $20,000 with alt coins undoubtedly mooning. However, this weekend we saw a completely unexpected shit show. bitcoin barely held its price of $7,400 and now it has dropped back down to $6900. Unfortunately now, bullish AND bearish news seems to have a negative impact.
There are many theories of why this could have occurred, but the main prospect seems to be that bitcoin is in a down right bear market. This is the kind of market that makes or breaks traders and the weak hands are showing in large numbers. I talk about it all here. Enjoy!
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