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CNBC’s Bitcoin Bull Says Retail Sellers Are Exhausted: BTC, XRP, Ethereum Price Analysis

March 20, 2019

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CNBC contributor and founder of crypto investment firm BKCM, Brian Kelly, says the fact that Cboe has pulled the plug on Bitcoin futures indicates the retail sellers are exhausted.

“This tells me that retail traders are out of the picture, because these Cboe futures were one contract, so about $3,900, versus CME were five [contracts], so about $20,000. So I think retail is exhausted. You’re starting to see sellers being exhausted.

And institutions are coming in. Fidelity is a catalyst coming up in Q2. I think with all those things combined, we might look back and say, ‘You know what? In the $3,000s was a great place to buy Bitcoin.'”

Right now, the crypto market is mostly in the green. At time of publishing, Bitcoin is up 1.12% at $4,008. Ethereum is up 0.55% at $138, and XRP is up 1.5% at $0.3174.

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Overall, technical analysts are looking bearish on Bitcoin and XRP, with mixed outlooks on Ethereum.

Bitcoin

Ethereum

Ethereum World News – ETH might be done with its slide

XRP

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.