223: 3 Crucial Reasons Why Bitcoin Is Ready to See a Sharp Rally After 15% Drop | BTC ‘Hodl Wave' Data

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - May 27, 2020 14:01 - 17 minutes - 8.54 MB - ★★★★ - 537 ratings
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Bitcoin has been subject to troubling price action over the past week.

At the local lows, BTC traded as low as $8,600 on some exchanges — approximately 15% shy of the highs before bouncing back above to the $9,100 support this morning.

It should come as no surprise that some have taken the recent price action as a death knell for Bitcoin’s bull trend, which began in March when the asset rallied strongly off the $3,700 lows. Yet the bearish trend may soon come to an end.