#Bitcoin #BTC at 100k: The “Dark” Prediction by Max Keiser

December 2, 2018

 

Max Keiser, one of the most followed and controversial analysts and influencer of the crypto ecosystem, was recently interviewed by Bitcoinist. In the interview, he presented his vision about the future of cryptocurrencies and the reasons why he is optimistic and calm hodling in spite of the strong bearish trend of 2018. According to Max Keiser, the “panic” problem is because many of those involved in crypto did so during the 2017 bullish streak. However, for those who fall into the category of “early adopters,” the behavior experienced in 2018 was something to be expected:“The Bitcoin price got way ahead of itself, and we saw a typical pullback. Since I first started buying BTC in 2011 at $1, I’ve seen a few of these … The long-term chart is fine. It’s still bullish …The long-term trend is intact and will continue its upward path. ”Indeed, Max is right, from the point of view of technical analysis, the behavior of Bitcoin is still strongly Bullish, with a favorable projection for the coming years even more if certain events such as the Halving, ETFs and the growing interest in institutional investments are taken into account.

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Bitcoin (BTC) is down 0.18% over the past 24 hours and is currently trading at $4,136.54 on Coinbase. BTC dominance is continuing to rise at 53.6% and the total cryptocurrency market cap is currently at $134.2 Billion. 

 

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