CryptoComes Original Article

Bitcoin Price Hovering Above $10,000 with Altcoins Flashing Light-Green

Fri, 08/23/2019 - 06:57

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BKCM CEO Brian Kelly now claims that he’s short-term bearish as the BTC price is failing to make an upward move

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Despite a one percent uptick, the Bitcoin price is still in serious danger of suffering a major correction. The BTC price is sitting precariously at $10,122 with major technical indicators, such as the weekly RSI, pointing to another breakdown.

Image by coin360

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Bitcoin bull Brian Kelly recently voiced a bearish prediction, claiming that the BTC price got ahead of its fundamentals.

In the short-term, I am a little bit cautious,” Kelly told CNBC’s Squawk Box.

With that being said, altcoins are in a slightly better situation with Ethereum (ETH), Ripple’s XRP, and Bitcoin Cash (BCH) registering minor green updates.

However, if Bitcoin stumbles, these cryptocurrencies will inevitably fall as well.

Alex Dovbnya

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.