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Is Bitcoin Heading Below $9,000?

Bakkt will go live with its physical BTC futures offerings on Monday, September 23. But, it seems bitcoin price is not quite in the mood to galvanize in action and has been sulking during the weekend.


BAKKT LAUNCH & CME FUTURES LAUNCH ‘ARE DIFFERENT’


Noted crypto trader, Crypto Michaël took to Twitter today to ‘clear the air’ about bitcoin futures launches. There is ‘no similarity’ between CME futures launched in December 2017 and Bakkt which is scheduled to roll out on Monday, he said in a tweet.


'Funny, People compare the Bakkt launch with the launch of the CME futures in December 2017. While they are pretty different & also launched in a different part of a marketcycle. Don’t always try to find a reason for something that might happen -> predicting. $BTC'


Both offerings are different and were launched at different points in the market cycle, he opined.


Now moving to the crux of the story.


BITCOIN PRICE HEADING FOR SUB $10,000 ZONE


Bitcoin is kind of still reeling from the massive drop that took prices to the $9600 level. That being the lowest value per coin in almost three weeks, BTC still has remained range-bound(for three months). Read More

#BTC #TA

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