The excitement for Bitcoin has been squeezed out of the market (Image: Getty Images)
After some erratic bleeps on its heart monitor last week gave some analysts cause to prepare hors d'oeuvres for BTC’s ‘welcome back’ party, the original cryptocurrency has shown little signs of coming out of its coma. No doubt we’ll see a repeat this weekend of the pattern that has formed much of the last month – a reasonable lift in price on Friday evening into Saturday, lots of encouragement on Sunday, all followed by a flop back down to a level slightly lower than the week before. All in all, this dull and repetitive cycle does little to break the state of what is, unquestionably, market apathy.
Bitcoin just isn’t what it used to be. The excitement has been squeezed out of the market.
However, there is still a mounting interest in cryptocurrency which has to manifest itself somewhere.
Right now, that interest doesn’t lie with BTC. There’s simply little or no sport in trading bitcoin at present.
It will return. After all, being the first-to-market crypto with a decade of heritage under its belt, it’s hardly going to disappear.
Ethereum is also looking to make strong gains on its previous slump (Image: Getty Images)
Instead, the sensible traders will always be waiting in the wings in anticipation of bitcoin’s price hitting an attractively low level before buying in and