Bitcoin Price Forecast – Consolidation To Continue

#bitcoin Price Forecast  Consolidation To Continue #ethereum #blockchain #invest #cash

  • Bitcoin prices, for a change, had to be content with being out of the limelight over the last few days as the prices consolidated and ranged and continued to be under some pressure from the dollar which helped to maintain the prices under a tight leash.
  • The prices are still in an uptrend in the medium and long term and this is confirmed by the fact that any correction in the prices has been met with some strong bounce over the last few days.
  • This is likely to continue in the short term and with the other instruments also undergoing some large volatility, it might be the right time for the bitcoin traders to take some rest and wait for the prices to show its hand.
  • Technically, we expect the bitcoin prices to continue to range and consolidate in the short term between $2200 and $2800.
  • Traders would be well advised to wait for a break in this range to set up positions for the long term while the range traders could take trades on the fringes of the range.

Bitcoin prices, for a change, had to be content with being out of the limelight over the last few days as the prices consolidated and ranged and continued to be under some pressure from the dollar which helped to maintain the prices under a tight leash. After all the volatility that we had witnessed
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IBM CEO Ginni Rometty responds to Warren Buffett selling IBM shares

Great interview w #IBM CEO Ginni Rometty Touching on #Iot #blockchain #AI

  • IBM’s stock took a major hit when billionaire investor Warren Buffett said he sold about a third of his IBM shares, but CEO Ginni Rometty seemed unfazed when asked about his move.
  • “And the trick to being a company in tech, which is a viciously competitive environment, that’s absolutely right, is you’ve got to keep reinventing.
  • And what IBM is for is for someone who values high value as a company.”
  • At the time of his sale, the Berkshire Hathaway chairman and CEO cited “pretty tough competition” and a changing playing field.
  • “I don’t value IBM the same way that I did 6 years ago when I started buying … I’ve revalued it somewhat downward,” Buffett told CNBC.

Jim Cramer sat down with IBM CEO Ginni Rometty to ask her about billionaire shareholder Warren Buffett selling a third of his stake.
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