Crypto trader and expert Brian Kelly has made a statement saying that currently it’s the time to buy bitcoin cash as cryptocurrency bear markets seems to be over.
Kelly attributes the shut down of cryptocurrency bear market to the Tax Day. Brian Kelly, founder and CEO of BKCM says that along with alt-coins, one should also start investing in Bitcoin cash. In an interview with CNBC on Monday, Kelly said,
“Bitcoin cash has been left for dead. Maybe it’s mostly dead, but it’s not dead yet.”
The bitcoin cash investment sees a super growth ahead showing to the coin’s volatility and increased volume.
“Those are the first things traders look at, that I look at, to say, something might be changing here. If we get that breakout, you’re looking at higher moves. I would be buying the dip”
Since April 11, bitcoin has risen by 16 percent, ethereum 23 percent, litecoin 18 percent and ripple 35 percent. Traders feel that post tax day the prices of these cryptocurrencies will rally up fast. Therefore the ideal time to purchase them is right now.
Meanwhile, Kelly is not asserting hard on the prominence of Bitcoin cash or its war with Bitcoin. He is advising people to make a wise choice, now that it a favorable time to invest.
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