Speaking on CNBC’s “Squawk Box,” Moro suggested that the leading cryptocurrency will lose another 30 percent before bottoming at $3,000. Moro said, “You really won’t find [the floor] until you kind of hit the 3K-flat level.” Moro addressed small resistance levels, saying that he does not think the BTC price can stabilize in “the mid-3s,” also noting that the $4,000 level was tested twice in the previous days.
When asked what could be behind the recent slump, Kerner argued that “crypto has been so weak because [for] most of it there is no underlying value outside of confidence.”
on CNBC they don’t know much more than you do. so far the $4K range has held. continue this through the holiday weekend, and we might be looking good next week.
$4K holds i’ll probably feel confident enough to start publicly posting price targets again. i thought the blood bath would happen around the 1st couple weeks of december, but we might be ahead of schedule …either way we’ll have a lot more information after the holiday weekend. have a good one!
It’s ugly AF…another drain following a big drain is troubling. At least we can sit back and enjoy the pleasures of a truly free market and all the insanity it has to offer. Too bad I didn’t dump last year at the top when my g/f told me to…
At least everything will be cheap…time to start buying soon…and look at that volume compared to ZEC’s market cap! Wow!
If this keeps going south @zooko will be living in his car again…
Looks everyone is trying to jump on the gloom and doom news bandwagon even if they don’t know the difference between Bitcoin and Bitcoin Cash. And maybe that’s a factor? Maybe the general public doesn’t know the difference?
Yes, could be indeed the case that this guy from CNBC and me don’t know much …
But that 4k range didn’t hold too long, went down to 3,800 bucks.
ZEC at 66$ …