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Bitcoin: We Don’t Expect New Highs in 2018
Despite an already six month cool-off period, for 2018 we see more sideways and downside potential in the Bitcoin price due to sluggish retail demand, hesitation from institutions, and a current market cap that seems too high relative to on-chain activity.
Original article: https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Title: Bitcoin: we don’t expect new highs in 2018
Published by: Tuur Demeester
Published date: August 2nd 2018
Author Medium: TuurDemeester
Author Twitter: TuurDemeester
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By Karsten KreybergDespite an already six month cool-off period, for 2018 we see more sideways and downside potential in the Bitcoin price due to sluggish retail demand, hesitation from institutions, and a current market cap that seems too high relative to on-chain activity.
Original article: https://medium.com/@tuurdemeester/bitcoin-we-dont-expect-new-highs-in-2018-97e6a7a385f7
Title: Bitcoin: we don’t expect new highs in 2018
Published by: Tuur Demeester
Published date: August 2nd 2018
Author Medium: TuurDemeester
Author Twitter: TuurDemeester