Published on June 14th, 2018 | by bitcoin0
Bitcoin prices fall $ 3200 continues to Uptrend, Fundstrat confirms
Long term, prices could then fall much further towards the bottom end of Bitcoin’s multi-year upward trend channel, which began in 2016.
Such behavior would mimic Bitcoin in 2014, Fundstrat says — echoing similar conclusions made last week from cryptocurrency trading analyst Tone Vays.
$ 25k Still In Play For Lee
Since publishing the warning, Bitcoin has already hit further lows of $ 6217, before rebounding.
Fundstrat’s co-founder Tom Lee, who contributed to the latest update, nonetheless remains noticeably bullish on Bitcoin — even in the shorter term.
The post Bitcoin Price Drop To $ 3200 Would Still Continue Uptrend, Fundstrat Confirms appeared first on Bitcoinist.com.