By Godal - 19.02.2020
Will bitcoin bounce back 2020
Bitcoin true believers credit bounce-back to imminent 'halving' 6 May Yet Bitcoin is once again staging a comeback reminiscent of the token's glory days, with evangelists pegging their hopes on a technical event as the new catalyst. Despite a slight bounce Friday morning, some analysts don't expect bitcoin to coindesk-btc-chart At the press-time price of $10,, the cryptocurrency is down % from the recent high of $12, registered on Aug. This time, though, a quick V-shaped recovery back to recent highs.
In an election year, especially during the months leading up to the election, markets tend to be fragile and easily spooked by any unexpected news, be it coming from election polls or in this case, Trump himself.
Although polls show a likely Biden victory at the U. It is a fact that Bitcoin BTC was also affected by the irrationality of the stock markets in the past few months.
However, its trait will bitcoin bounce back 2020 resilience means BTC can bounce back faster than will bitcoin bounce back 2020 other traditional asset. The Dollar Index DXY now shows signs of downtrend continuation, resulting in hard assets such as gold and its quasi digital counterpart to rally upward.
It almost seems as if speculators and irrational exuberant forces have moved away will bitcoin bounce back 2020 Bitcoin into more exciting markets will bitcoin bounce back 2020 as DeFi.
The maturity of Bitcoin which allows it to withstand the uncertainty click the market with minimal effect and its resilience could make it one of will bitcoin bounce back 2020 best assets https://info-crypt-jackpot.site/2020/buy-youtube-views-2020.html hold during this will bitcoin bounce back 2020 season.
Bitcoin Technical Analysis Bitcoin BTC managed to break above the suppressing trendline in yellow to the upside in a clean and beautiful manner. Price structure-wise, BTC is now forming a series of higher lows and a first higher high has been made after the recent breakout.
It seems like the bulls https://info-crypt-jackpot.site/2020/bank-of-america-2020.html gaining back control but for traders make sure you have an exit strategy will bitcoin bounce back 2020 mind if the market decides to act irrationally again.
He had authored over 20 books on investment and co-founded Wealth Management FinTech.
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