Monday, July 22, 2024

Nebraskangooner gives his opinions on whether news affects BTC price

On Dec. 28, Cointelegraph’s Crypto Trading Secrets podcast interviewed trader Nebraskangooner, gathering his opinions on several topics. “Flat and completely sideways and uneventful,” Nebraskangooner said when asked about his thoughts on Bitcoin’s (BTC) price lately. 

The crypto bear market saw the price of Bitcoin struggle throughout 2022, falling significantly from its all-time high above $60,000 seen in 2021. Nebraskangooner gave a few thoughts on Bitcoin’s possible location within the bear market and a potential bottom for the asset.

Regarding his view on Bitcoin’s price, Nebraskangooner said he primarily looks to price charts for evaluation rather than mainstream news events. “I’ve never really been a believer in too much news affecting anything,” he explained, continuing:

“I think news, more so, just accelerates price action. I’ve always been a believer in ‘tell me the news, and I’ll show you the chart.’ Basically, good news always seems to happen at support, and bad news always seems to happen at resistance. More bad news obviously comes out in bear markets, and more good news obviously comes out in bull markets.”

“I don’t really see the news as, like, changing the tide on anything,” he added. “I more so just trade the charts.” Nebraskangooner also shared further thoughts regarding what he thinks has been affecting Bitcoin’s price the most.

In the episode, Nebraskangooner and host Benjamin Pirus discuss several other points, including his early interest in the medical field and how he transitioned from a career in nursing to crypto trading.

Cointelegraph’s Crypto Trading Secrets podcast interviews crypto traders, investors and analysts on topics related to crypto trading and investing. Each episode generally comprises three segments: finding the bottom, trade secrets and the next bull run.

Listen to the episode on Cointelegraph’s podcast page, Apple Podcasts, Spotify, Google Podcasts and TuneIn.

The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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