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Spencer Bogart: Bitcoin Price Can Go Lower or Higher, Either Way It’s a Good Asset

As we wrap up 2018, crypto players are starting to publicly come out with their Bitcoin price forecasts for the new year. Some are bearish, using the fact that BTC was nearing $20 thousand this time last year. Others, however, continue to be bullish. Spencer Bogart of Bitcoin Capital is one of the latter. Spencer Bogart Remains Bullish of Bitcoin Price In a recent interview with CNBC, when asked whether he believes BTC will hit $50,000, Spencer Bogart said yes, but maybe not as soon as bulls are forecasting. “Absolutely it can go that high,” said Bogart, “how long will it take, I’m not sure.” That’s a…

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BTC Price Indicating a Bullish Trend Reversal? Jim Cramer May Disagree

Two days after Jim Cramer made bearish comments on Bitcoin, the BTC price has started to revive itself. A bullish reversal is not yet confirmed, as Bitcoin would have to break above key resistance for that to happen. However, the BTC price has moved back to above $6,000, which indicates a trend reversal could very well be in progress.  And yet, Cramer has still thrown in the Bitcoin towel. He even did so on the day that Bitcoin crossed a high of $6,259. So what gives? Jim Cramer BTC Price: Who Should We Believe? It’s difficult to say, as the crypto market is somewhat divided this week. Some are…

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Bitcoin Price: Bitcoin Continues to Flirt with the $8000 Mark

Bitcoin Price (BTC) is largely controlled by trader’s sentiments regarding the future fundamentals of cryptocurrency markets. Trader’s sentiments have been improving sharply in crypto markets over the last week, driven by bullish price predictions and regulator input to control unfair practices. Rather contrary to the previous precedent of “going against” government interference and regulation,  the management of Ripple (the third largest cryptocurrency), has invited the government to play their role in cryptocurrency markets. “We’re at that time now where we need more clarity and rules, and we need more certainty. It’s a good time to start revisiting that ‘wait and see’ approach taken by regulators,” Ryan Zagone,…

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