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Author Topic: Bitcoin Price Analysis - Buy the rumour, sell the news  (Read 569 times)

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Offline newsatbravenewcoinTopic starter

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Bitcoin Price Analysis - Buy the rumour, sell the news
« on: March 04, 2017, 01:10:45 AM »
With the deadline on March 11th for a Securities and Exchange Commission (SEC) decision on the COIN exchange-traded fund (ETF) quickly approaching, US Dollar demand continues to drive bitcoin higher. A recent outage on GDAX, one of the few bitcoin exchanges accepting USD customers, did not dampen the rally and suggests a high amount of traffic to the site. Although the ETF would likely increase bitcoin price long-term, traders may “buy the rumor, sell the news.” Three similar events illustrate how the market has previously reacted.

http://bravenewcoin.com/news/bitcoin-price-analysis-buy-the-rumour-sell-the-news/


 

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