RATE Group | Is Bitcoin Still Ticking Time Bomb?
44947
wp-singular,post-template-default,single,single-post,postid-44947,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Is Bitcoin Still Ticking Time Bomb?

Is Bitcoin Still Ticking Time Bomb?

[ad_1]

Within the last week in the crypto markets, Bitcoin has been surprisingly stable[ish] and has been juggling between $6,450 and $6,600. Some investors have come to the conclusion that the markets are becoming boring and it is even getting to the point where they can’t make quick trades on BitMex using Bitcoin.

After looking at the Bitcoin charts, we can see that the last Bitcoin was this stable was during the Spring of last year! During this time, Bitcoin seemed to be able to keep its value at around $1,000 to $1,200 until the mainstream media started discussing digital currencies around the the summer months of May and June last year.

This kind of exposure then led to the market leader to peak at $20,000 during mid-December last year.

Could events repeat themselves?

Many investors have already been comparing the stableness of Bitcoin this past week to the similar way it was last year in April. There hasn’t been much negative news during this month and not much is expected to…

[ad_2]

Source link