Bitcoin Bull Bobby Lee Warns Bitcoin Could Break Below Key $60,000 Level

FLIGHTIVE. AND BOBBY JOINS US NOW FROM CRYPTO STORAGE. I WONDER IF YOU'RE ABLE TO EXPLAIN OR RUN BACK THE RECENT PRICE ACTION WE'VE SEEN IN BITCOIN.BOBBY: YES, BITCOIN PRICE IS VERY VOLATILE AND A LOT OF IT IS DUE TO TRADING, NOT INVESTMENT BUT SOME ARE TRADING ON THE SPOT EXCHANGES, DERIVATIVES, FUTURES, AND YOU SAID THE OPTIONS MARKET AND FUTURES MARKET. SO WITH A LOT OF LONGS AND SHORT POSITION, IT BECOMES A VERY VOLATILE ASSET ESPECIALLY NOW WE SEE THE BULL MARKET IS OVER AND WE'RE IN FAIR MARKET TERRIT ...