Brian Kelly from BKCM is waiting for buying opportunity. Bitcoin may drop significantly before the upside correction begins. The price of the first cryptocurrency may drop sharply before a new strong upside move, according to the founder of the investment company. The number of active Bitcoin addresses has decreased recently, which may signal that the first cryptocurrency is on the verge of a sharp sell-off, says Brian Kelly, the founder of the investment company BKCM. He believes this collapse should be regarded as a golden buying opportunity as the new strong growth will ensure soon after the sell-off. According to Brian Kelly, the short-term investors should be especially careful as the time is not ripe yet. The current conditions is similar to what we have seen in December. He added that institutional investors switched to bitcoin futures on CME or other derivatives, which caused the decrease of the number of active bitcoin addresses. According to the founder of BCKM, it’s worth paying attention to the market sentiments: if everyone says that BTC is “dead”, the rally may be just around the corner. At the time of writing, BTC/USD is changing hands at $10,152. Over the past day, the price decreased by 1.5%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold steadily climbs back above $1530 level FX Street 4 years Brian Kelly from BKCM is waiting for buying opportunity. Bitcoin may drop significantly before the upside correction begins. The price of the first cryptocurrency may drop sharply before a new strong upside move, according to the founder of the investment company. The number of active Bitcoin addresses has decreased recently, which may signal that the first cryptocurrency is on the verge of a sharp sell-off, says Brian Kelly, the founder of the investment company BKCM. He believes this collapse should be regarded as a golden buying opportunity as the new strong growth will ensure soon after the sell-off. According… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
