From Bitcoin’s 10 best days to gaming on the Ethereum blockchain, here’s a look at some of the stories breaking in the world of crypto.
Fundstrat co-founder and head of research Tom Lee says Bitcoin’s return to nearly $8,000 is a primary example of the “10 best days” thesis for why he recommends that crypto investors hold BTC.
Lee’s analysis of Bitcoin’s past price history shows that Bitcoin makes most of its gains in just 10 disparate days of a given year. But if you don’t own Bitcoin for those 10 best days out of the year, Lee says the annual return is -25%.
Especially given how so many have pointed out ‘bearish’ technical formations over the past few days…
— Thomas Lee (@fundstrat) June 10, 2019
Meanwhile, crypto analyst Josh Rager is outlining support and resistance levels for BTC, and says he’s now looking for Bitcoin to close above $8,017 as a potential precursor to further gains. A close below $7,600 would signal a reversal.
After its recent surge to $140, Rager is feeling bullish on Litecoin, and says the $125 line of resistance has flipped to support.
All you Litecoin fans must be happy about LTC breaking the current resistance on the daily
$125 has now flipped to support
Wouldn’t be surprised if LTC made it’s way up to $150 which will be strong resistance on the weekly and psychological take profit area pic.twitter.com/baoTFfyhSn
— Josh Rager 📈 (@Josh_Rager) June 11, 2019
One of the biggest video game companies in the world is creating games that utilize the Ethereum blockchain,