Also, I predict Bakkt will postpone its launch by another 3 months which will cause another dump to $2000.
Bitcoin has recovered its $3,500 support level after seeing slight losses to trade just above $3,400. In the past 24 hours, the currency has gained a modest 1.76 percent to trade at $3,500 on most major markets. On Bitfinex, the currency was trading at $3,538 at press time.
The current battered market provides the best opportunity to get into the market. This is according to leading ratings provider, Weiss Ratings in its latest research on the crypto market. According to the firm, investors underestimate the potential of the technology behind cryptos in the long term.
It’s been one of the most popular debate topics: is it the best time to buy the dip? Many analysts have suggested that it might not yet be as the market could tank even further. One of them is Vinny Lingham, the founder and CEO of Civic. Lingham believes the current risks don’t justify the expected gains.
However, a rating firm disagrees. According to Weiss Ratings, this is the best time to invest. The Jupiter, Florida-based firm stated:
The recent price decline in crypto has proved that people overestimate the potential for technology short term and underestimate it long term. We believe that the cryptoassets will revolutionize financial services — for those who play the long game
Analysts at Weiss recently looked at the anticipated triggers of a bull run in the crypto market. Led by elite DLT engineer Bruce Ng, the firm came up with the launching of Bakkt as the biggest trigger to an expected bull run next year.
Read in full https://nulltx.com/weiss-says-buy-bitcoin-now/