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These Top Bitcoin Traders Do Not Want You to Be Deterred by Latest BTC Price Drop

  • Alex Dovbnya
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    Things are still looking good for Bitcoin despite its failure to retest $11,000

These Top Bitcoin Traders Do Not Want You to Be Deterred by Latest BTC Price Drop
Contents

Cryptocurrency trader Alex Krüger is certain that Bitcoin’s recent pullback doesn’t invalidate the bullish scenario. Meanwhile, his colleague Josh Rager reminds his followers that patience is the key to success.

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Analyst Predicts When Bitcoin Price Will Hit $100,000 Based on Power-Law Growth Model

Analyst Predicts When Bitcoin Price Will Hit $100,000 Based on Power-Law Growth Model

Not so fast, bears

The BTC price trimmed more than $500 on the heels of Jerome Powell’s crypto-related comments. This sudden drop, coupled with a major descending tringle, certainly emboldened bears who now hope to get back to the $8,500 level.

However, Krüger points out that Bitcoin is still in the range, and the market sentiment hasn’t changed over the last month.

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John Bollinger Warns Crypto Traders About Major Bitcoin Price Move

John Bollinger Warns Crypto Traders About Major Bitcoin Price Move

No retail FOMO

In a separate tweet, he also suggests that any comparisons between 2018 and 2019 are absurd. Retail investors, who pushed the BTC price to its current ATH in 2017, are yet to join the party during this bull run.

As reported by U.Today, trading volumes have been dwindling on top exchanges since 2017. Meanwhile, institution-focused CME Group has been on a roll with its Bitcoin futures throughout 2019.

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Financial Analyst Max Keiser Explains Why Bitcoin Price Will Hit $25,000

Financial Analyst Max Keiser Explains Why Bitcoin Price Will Hit $25,000

“Next peak is a few years away” 

Rager predicts that it will take a few more years for this bull market to peak without specifying when Bitcoin is going to reach a new ATH. Given that BTC’s market cycles are becoming longer, traders will have to be more patient.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Crypto Crime: 21-Year-Old Australian Woman Faces 53 Charges for Laundering Stolen Funds with Cryptocurrency

  • Alex Dovbnya
    📰 News

    Jasmine Vella-Arpaci, who was part of the major identity fraud ring, faces up to 53 charges after stealing millions of dollars

Crypto Crime: 21-Year-Old Australian Woman Faces 53 Charges for Laundering Stolen Funds with Cryptocurrency
Contents

On Sept. 17, Jasmine Vella-Arpaci, a 21-year-old woman from Australia, made her first court appearance after being accused of shipping millions of dollars with the help of crypto. The young mother has been charged with 53 counts of fraud and theft.

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"Crypto Wizard" Arrested for Taking Part in $16 Mln Cryptocurrency Scam

A multi-million identity fraud

According to the Australian Securities and Investments Commission (ASIC),.the group of criminals, whose members referred to themselves as “Team Awesome,” would purchase stolen sensitive information on the dark web to open fake bank accounts in Australia. The funds were stolen from superannuation accounts and share-trading accounts of the gang’s unsuspecting victims.

The money was then transferred money to their accomplice in Hong Kong to trade expensive jewelry before sending it back home via cryptocurrencies.

Cybersecurity threats such as data breaches and financial system attacks are a major concern for ASIC and we will continue to pursue not only cyber-related market and superannuation offending but also the need for institutions to maintain their obligations to ensure they have adequate cyber resilience, says ASIC deputy chair Daniel Crennan

The investigation into the major crime syndicate continues with further arrests expected.

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Canadian Police Shed Light on New Bitcoin ATM Scam

Canadian Police Shed Light on New Bitcoin ATM Scam

Crypto scams on the rise

As reported by U.Today, cryptocurrencies scams have grown by more than 200 percent in Australia in 2018 with victims losing about $6.1 mln.

In 2019, this number could be easily topped. Back in July, an elderly couple lost a whopping 900,000 to an elaborate crypto scam, thus wasting all their retirement savings.

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Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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