Published on July 11th, 2018 | by bitcoin0
Bitcoin bear says he needs to see
One bitcoin bear is holding out for change in the cryptocurrency market.
There is one thing that could turn Colvin from bearish to bullish: clarity.
To rally, bitcoin needs to see clarity on factors such as security, regulation and accessibility.
“It’s still very confusing.”
Limited access to bitcoin also keeps a cap on higher prices over the longer term, says Colvin.
“More accessibility will bring higher bitcoin prices over the long term.”
The next “psychological level” Colvin is watching for is $5,000.