Less than a week after CNBC forecast an $8000 Bitcoin price, the largest cryptocurrency tumbled close to $6000, leading to ridicule from commentators. ‘$8K Could Be Next’ In another instance of the network proving itself as a so-called ‘reverse price indicator,’ its predictions for BTC/USD completely contrasted with short-term reality, the pair going on to lose almost 13 percent in less than 24 hours. As Bitcoinist previously reported, cryptocurrency traders had become aware of CNBC’sRead MoreThe post CNBC ‘Reverse Bitcoin Price Indicator’ Hits Bullseye Again appeared first on Bitcoinist.com.
