The vast majority of money managers remain cautious on cryptocurrency investing, despite some big name investors putting their money behind digital coins, according to one analyst. Speaking at Yahoo Finance’s All Markets Summit Plus, Fairlead Strategies founder Katie Stockton said crypto adoption still remains in the “very early stages” with limited institutional money flowing into the space. “We’re kind of at the very low end of that curve, right? That could accelerate to the upside,”… Source link
Read More »Bitcoin (BTC) Fails to Sustain Upward Movement — What’s Next?
Bitcoin (BTC) moved incrementally last week, opening and closing near the same price of $35,700. Technical indicators and the price action are providing mixed signs. However, the wave count is leaning bearish. Bitcoin consolidates Bitcoin experienced some volatility last week, moving from a low of $34,153 to a high of $39,476. However, both the opening and close prices were near $35,700, creating a doji candle in the weekly time frame. Technical indicators in the weekly time frame are bearish…. Source link
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