..

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 News

Packers vs. Cardinals NFL Expert Predictions

Thursday night's game between the Green Bay Packers and Arizona Cardinals looked like a marquee matchups - and probably still is - but the Packers are taking a hit on the line due to four starters listed as "limited".

Rayo Vallecano vs Barcelona La Liga Picks Best Bets & Soccer Predictions Oct 27th

Rayo Vallecano vs Barcelona La Liga Picks Best Bets & Soccer Predictions Oct 27th

Rayo Vallecano and Barcelona face each other on Wednesday, October 27th and the guys expect more than a couple of goals to be scored in this one. 

Saints vs. Seahawks Expert Predictions - MNF

Saints vs. Seahawks Expert Predictions - MNF

The Saints and Seahawks face off for their Monday Night Football game on October 25th. Micahel Thomas was supposed to be back but it looks like Jameis Winston will have to keep relying on the likes of Marquez Callaway. 

Colts vs. 49ers Expert Predictions - Sunday Night Football

Colts and 49ers meet on Sunday, October 24th. The Colts get back one of their best offensive linemen back while Kyle Shanahan had an extra week to prepare for this game.

Panthers vs. Giants Expert Predictions - October 24

Panthers vs. Giants Expert Predictions - October 24

Panthers and Giants battle at MetLife on Sunday, October 24th for their Week 7 contest. Sam Darnold has started to look like his old self and with Christian McCaffrey stuck on IR that might not be a recipe for success.

Syndicate