Bitcoin fall in price could be ‘technical pull back’

Bitcoin opened at $4,148.27. Today's high is $4,152.07 and today's low is $3,766.36. CoinDesk said: “Most investment banks have been and still call bitcoin a 'scam'. Every week, we see some stock market expert drawing parallels between the bitcoin rally and stock market bubbles seen over the last 100 years.

“Thus, despite the 416% year-to-date gains in bitcoin, it is safe to say that there are no signs of Euphoria.

“In fact, the first sign of bitcoin nearing a major top would be investment banks boarding the cryptocurrency freight train.

“More likely then is that what we’re seeing now is a technical pull back. Following a stupendous rally, investors are looking for reasons to take profit.”