Bitcoin Rebounds Sharply After Gartman Predicts Drop

Having tumbled from record highs near $7600 to $6900 in the last two days, Bitcoin is rebounding this morning, back to $7250 following condemnation from Dennis Gartman and blessing from ‘father of financial futures’ Leo Melamed.
Gartman issued the following statement overnight…
BITCOIN: A Bubble Bursting… Maybe?: Our antipathy toward Bitcoin specifically and toward the crypto-currencies generically is widely known but yesterday’s action does look like a ‘reversal’ to the downside… finally.
And Bitcoin surged…

This post was published at Zero Hedge on Nov 7, 2017.