It [the BTC price drop] was part of the plan. I expected Bitcoin to drop below $5,000, shake out a lot of longs, [and create] a lot of discouragement. I think the technicals will kick in around the $3,000 or $4,000 mark.<\/em><\/p><\/blockquote>\nGordon predicted that BTC would be back above $10,000 in February 2019.<\/p>\n
Do you agree with Kelly that Bitcoin is not dead? What factor(s) do you think are responsible for the current BTC price decline? Let us know your views in the comment section below.<\/p>\n
Image courtesy of the CoinMarketCap and Ethereum World News archives.<\/p>\n","protected":false},"excerpt":{"rendered":"
Brian Kelly of BKCM LLC remains bullish on Bitcoin despite the steady decline experienced in 2018. Speaking to CNBC yesterday (June 22, 2018), Kelly boldly declared that Bitcoin isn\u2019t dead yet. The top-ranked cryptocurrency has plunged by more than 65 percent since the start of the year. \u201cSentiment is Approaching the Lows\u201d According to Kelly, the negative sentiment in the BTC is approaching the lows. Thus, a revival is right around the corner. He dismissed the idea that Bitcoin was […]<\/p>\n","protected":false},"author":30,"featured_media":13792,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[800],"tags":[1233,6960,2394,1530],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/13790"}],"collection":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=13790"}],"version-history":[{"count":0,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/13790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media\/13792"}],"wp:attachment":[{"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=13790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=13790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=13790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}