The One Thing This Bitcoin Bear Needs to See to Become Bullish

Written by:
Guest
Published on:
Jul/10/2018

Speaking to CNBC Tuesday afternoon, one analyst said he could turn bullish on bitcoin.

“After the move we’ve seen it’s very difficult in the short term to be bullish,” Todd Colvin, analyst at Ambrosino Brothers, told CNBC’s “Futures Now” on Tuesday.

What could change this position is if bitcoin should see clarity on factors such as security, regulation and accessibility.

Hacks and security breaches are “the things that cause these bear markets, when you have these, 'Oops, somebody robbed my wallet off an exchange.' That caused the last big $1,000 decline we had,” he explained.

Watch Below

A change in crypto markets could turn one bitcoin bear into bitcoin bull from CNBC.

video News

VSIN Insight on Today's NHL, NCAA Basketball, and More - February 16

VSIN Insight on Today's NHL, NCAA Basketball, and Where Growth Will Occur in Sports Betting - February 16

Jonathan Von Tobel and Amal Shah are joined by Greg "Hoops" Peterson and Derek Stevens and Mike Palm down at the Long Bar to give you all the best insight on today's NHL, NCAA basketball, and more.

Buffalo Wild Wings Taps Former Pro Punter and Avid Gambler as Spokesperson

Buffalo Wild Wings Taps Former Pro Punter and Avid Gambler as Spokesperson

Following up with the latest on Buffalo Wild Wings’ gamble, pledging free wings to America if the game goes to OT: B-Dubs has now tapped former pro punter (turned avid gambler and internet sensation) Pat McAfee to be its “Gaming Consultant” for the program.

Top Ten Las Vegas Poker Rooms 2019

Top Ten Las Vegas Poker Rooms 2019

Going to Las Vegas?  Wondering where to play poker?  Watch as a Las Vegas Regular reviews what he considers to be The Top Rooms of 2019.

2019 NFC Championship Betting Preview: Rams-Saints

2019 NFC Championship Betting Preview: Rams-Saints

The Super Bowl LIII is drawing closer and what better way to choose the contenders than with these exciting Conference Championship Conference Championship matches!

Bet the Kansas City Chiefs to Win it All - 2019

Bet the Kansas City Chiefs to Win it All - 2019

Cousin Sal of Lock It In on Fox Sports has found an excellent chance to make some money in betting on Patrick Mahomes and Kansas City to win the title.

Syndicate