People Are Saying Bitcoin Has Bottomed–New Price Data Suggests They Might Be Right

Bitcoin, trapped in a long-running bear market seemingly without end, could be about to turn a corner according to a bevy bullish comments from those in the tech and crypto industry—and new data that suggests the bitcoin price could be poised to move higher.

The bitcoin price, having peaked at almost $20,000 per bitcoin back in December 2017, has lost some 80% of its value and is currently wallowing under $4,000 per bitcoin, despite repeated attempts to break that psychological barrier.

Now, on top of calls the bitcoin price may have bottomed and the bitter so-called crypto winter could be coming to an end, technical data shows a new bull run could begin this year with bitcoin’s 50-week moving average dropping below the 100-week moving average for the first time since April 2015.

Reference: https://www.forbes.com/sites/billybambrough/2019/02/26/people-are-saying-bitcoin-has-bottomed-and-new-data-supports-
them/#49a939e4399e

Share this: