Bitcoin hits almost $19K, Coinbase crashes under buying pressure

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Bitcoin hits almost $19K, Coinbase crashes under buying pressure

Bitcoin seems unstoppable. Perhaps tulip bulbs did too, in the 1600s.

The price of Bitcoin crashed through $19,000 today, just days after hitting $10,000, $12,000, and other psychological barriers, and then retreated to $18,000. Many cryptocurrency experts are predicting Bitcoin will hit $50,000 or even $100,000 as institutional investors continue to pile in.

The pricing chart looks like a classic bubble before the crash.

The question is: how long can this proceed?

Get the full story in my post at Forbes …


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