BLOCKTV cryptanalyst and reporter Joe Saz expressed the opinion that Bitcoin growth will continue after the elimination of short positions of $ 100 million on the popular BitMEX exchange.
Bitcoin leads in breaking the weekend in a massive weekend rally. @Joe_Saz reports on where it will head next: https://t.co/x3wD4lcPfl pic.twitter.com/YmghR2RA1U
– BLOCKTV (@BLOCKTVnews) 16 June 2019 p.
“I think growth will continue and nothing will stop it. I do not want to go too far, soaring in the clouds, but overnight shorts were eliminated for more than $ 100 million , ”said Joe Saz.
According to him, after the rapid growth, many traders hoped for a significant correction, but their expectations were not justified. Saz also stressed that he would not recommend to open positions on Bitcoin, “neither short nor long”.
Meanwhile, the head of the company Circle Jeremy Allair suggested that the price of Bitcoin pushes up the Libra project from Facebook that is being prepared for launch.
Global crying of cryptocurrency. BTC> $ 10k by June 21st, marking start of Crypto Summer.
– Jeremy Allaire (@jerallaire) 15 June 2019 r.
"BTC will overcome the $ 10,000 mark by June 21st, marking the beginning of the crypttolet," Allair added.
Earlier, analyst Omkar Godboul discovered on the chart a repetition of the 2015 pattern, which preceded the powerful rally of Bitcoin prices.
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