CNBC’s Brian Kelly: Current Bear Trend ‘By No Means’ Funeral for Bitcoin

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The current bear market is not a funeral for Bitcoin (BTC) “& ldquo; whatsoever, & rdquo; CEO of BKCM LLC financial investment company Brian Kelly said on CNBC’& — @CNBCFastMoney) June 22, 2018

To support his statement, Kelly offered three essential factors. He pointed out that the market sentiment is “& ldquo; approaching lows,” & rdquo; implying that a pattern reversal is most likely to follow.Bitcoin, trading at$5,881 as of press time, has actually remained in an almost continuous decline because Mt. Gox to repay its clients and begin civil rehabilitation proceedings, following the $473 million reported that Bitcoin has actually been declared “& ldquo; dead & rdquo; for the 300th time, inning accordance with the 99Bitcoins “& ldquo; obituary list. & rdquo; By press time, the cryptocurrency has “& ldquo; died & rdquo; 315 times, with 69 “& ldquo; deaths & rdquo; happening this year alone.Powered by WPeMatico