CNBC has advised viewers to buy Bitcoin at $3,600, indicating it considers the price a likely floor which will appear short-term.
As part of the channel’s Fast Money segment, analyst Brian Kelly predicted Bitcoin price moving in a so-called ABC pattern.
Bitcoin had reached a high of $4,478 according to Coinmarketcap, before retracing to around $4,000 and correcting upwards to $4,300.
Going forward, Kelly says, a further correction to that witnessed Thursday would see the price ‘bottom out’ at $3,600.
“I’m still in [Bitcoin],” he continued, “but I would be looking to add positions at $3,600.”
The art of predicting Bitcoin’s next low is becoming more and more complicated as investments and positive sentiments snowball after SegWit lock-in.
An increased threat of competition from Bitcoin Cash, which increased 75 percent in price Thursday, has meanwhile unsteadied the outlook for the BTC chain.
Famous names such as Max Keiser and John McAfee have nonetheless maintained their overly bullish forecasts for BTC prices, which range from $5,000 short-term to three-year levels of over $500,000.
CNBC meanwhile joined various investors and media publications in cautioning against blindly investing in ICO tokens without prior knowledge of the reputation of the product and business behind them.
Congratulations @erezgal! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
<p dir="auto"><a href="http://steemitboard.com/@erezgal" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png 2x" /> Award for the number of upvotes<br /> <a href="http://steemitboard.com/@erezgal" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstpost.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstpost.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstpost.png 2x" /> You published your First Post<br /> <a href="http://steemitboard.com/@erezgal" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvoted.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvoted.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvoted.png 2x" /> You got a First Vote<br /> <a href="http://steemitboard.com/@erezgal" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcomment.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcomment.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcomment.png 2x" /> You made your First Comment<br /> <a href="http://steemitboard.com/@erezgal" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcommented.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcommented.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcommented.png 2x" /> You got a First Reply<br /> <a href="http://steemitboard.com/@erezgal" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png 2x" /> Award for the number of upvotes received <p dir="auto">Click on any badge to view your own Board of Honor on SteemitBoard.<br /> For more information about SteemitBoard, click <a href="https://steemit.com/@steemitboard" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here <p dir="auto">If you no longer want to receive notifications, reply to this comment with the word <code>STOP <blockquote> <p dir="auto">By upvoting this notification, you can help all Steemit users. Learn how <a href="https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here!Congratulations @erezgal! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
<p dir="auto"><a href="http://steemitboard.com/@erezgal" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"><img src="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/post4day.png" srcset="https://images.hive.blog/768x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/post4day.png 1x, https://images.hive.blog/1536x0/https://steemitimages.com/70x80/http://steemitboard.com/notifications/post4day.png 2x" /> You published 4 posts in one day <p dir="auto">Click on any badge to view your own Board of Honor on SteemitBoard.<br /> For more information about SteemitBoard, click <a href="https://steemit.com/@steemitboard" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here <p dir="auto">If you no longer want to receive notifications, reply to this comment with the word <code>STOP <blockquote> <p dir="auto">By upvoting this notification, you can help all Steemit users. Learn how <a href="https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">here!Source: https://cointelegraph.com/news/buy-bitcoin-at-3600-floor-cnbc
Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.
Some tips to share content and add value:
Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
If you are actually the original author, please do reply to let us know!
Thank You!