Bitcoin Slides a Little, Community Expects the Rise to Resume Soon

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Wed, 04/24/2019 - 10:25
Alex Dovbnya
🔴📊After several major crypto experts have expressed their positive opinions regarding the golden cross on Bitcoin charts, BTC seems to roll somewhat backwards
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Contents

On Wednesday, Apr. 24, the major crypto asset is showing a slight fall back, trading at $5,502 and showing a drop by slightly over 1 percent over the last 24 hours.

The whole top ten line of digital coins is in a sea of red as well, with Bitcoin Cash and EOS being the top losers – BCH (-9.88 percent), EOS (-8.87 percent).

Top 10 crypto by CoinMarketCap

Are crypto experts’ encouragements premature?

On Tuesday, U.Today reported that Fundstrat’s major crypto bull, Tom Lee, set up a poll on his Twitter page, asking his followers’ opinion regarding the effect of the gold cross pattern that Bitcoin is approaching on charts.

The majority of votes so far are saying that ‘buying is a good thing’.

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Bitcoin is retreating to rush forward a bit later

CNBC crypto expert Ran NeuNer has also suggested on Twitter that it is not too late to stock up on BTC, assuming that the approaching bull run is going to be more natural since it is not based on price speculations.

At press time, BTC has slightly retreated, but still this is a temporary situation if we are to believe the aforementioned Bitcoin supporters. The minimum price action that BTC is expected to show by the end of 2019 is $10,000.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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