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16.04.2020 BTC Daily Analysis

Since the $3,700 bottom seen in the middle of March, Bitcoin has rocketed higher, rallying as high as $7,470 in an impressive fashion.

16.04.2020 BTC Daily Analysis
Yazar: Zack Smith

Yayınlanma: 17 Nisan 2020 10:31

Güncellenme: 13 Kasım 2024 08:42

16.04.2020 BTC Daily Analysis

Since the $3,700 bottom seen in the middle of March, Bitcoin has rocketed higher, rallying as high as $7,470 in an impressive fashion. While impressive, the cryptocurrency is not yet in a full-blown bull run, with there existing a confluence of resistance overhead the BTC price, analysts are gaining confidence a bull run is near. Glassnode, a leading cryptocurrency data firm, suggested that per one of its proprietary indicators that accurately timed Bitcoin’s market tops, a full-blown “bullish trend reversal” may soon be confirmed.
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