Key insights on the Bitcoin markets and trading from Brian Kelley.
Author: Helen Partz / Source: Cointelegraph
The current bear market is not a funeral for Bitcoin (BTC) “whatsoever,” CEO of BKCM LLC investment firm Brian Kelly said on CNBC’s Fast Money segment June 22.
We tried to have a funeral for #Bitcoin as it fell below $6K, but @BKBrianKelly is still a believer. Here’s why he thinks the cryptocurrency will resurrect pic.twitter.com/B8ozbzPsfJ
— CNBC’s Fast Money (@CNBCFastMoney) June 22, 2018
To back up his statement, Kelly provided three key factors. First, he pointed out that the market sentiment is “approaching lows,” implying that a trend reversal is likely to follow.
Bitcoin, trading at $5,881 as of press time, has been in an almost continuous decline since hitting its all-time-high of $20,000 in December 2017.