Bitcoin has, at one point, fallen to more than 60% below its December 2017 highs and may have already reached a key support level.
Dennis Gartman, editor of the Gartman Letter, told Kitco News that the digital currency’s support level around $6,000 a coin has been “impressive,” and while he was bearish on bitcoin at higher prices, he has now shifted his stance to neutral at today’s prices.
“I was manifestly, overtly, sharply, obviously, publicly, bearish on bitcoin at $10,000, $15,000, $20,000, I thought it was nonsense,” he said, “I do think that the blockchain is brilliant, and I’m very bullish on the implications of the blockchain and its uses going forward.”
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