28 Apr Cryptocurrency News Roundup for April 27, 2020
Bitcoin
BUY NOW is struggling to overcome stubborn resistance around $7,800 despite two consecutive attempts on Monday. The possibility of a retreat to $7,600 seems likely.
Some analysts believe the dip could take BTC to $7,400 before embarking on a new rally towards the psychological barrier at $8,000.
Meanwhile, with the Federal Reserve printing money at an unprecedented rate, an increasing number of investors are currently on the lookout for a credible hedge against inflation
Most people who know anything about the economy have heard the word inflation. It is usually thrown around as a… More. Bitcoin could potentially score big from that group. More on these and other big news from the past 24 hours in our cryptocurrency news roundup for April 27, 2020.
Will BTC’s April 2019 Fractal Take It to $16,000?
Throughout April and May 2019, the Bitcoin (BTC) price traded inside an ascending wedge. Even though this is considered a bearish reversal pattern, the price…