RATE Group | Tezos’s XTZ Could Hit Historic High against Bitcoin in 2020
86503
post-template-default,single,single-post,postid-86503,single-format-standard,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
 

Tezos’s XTZ Could Hit Historic High against Bitcoin in 2020

23 Apr Tezos’s XTZ Could Hit Historic High against Bitcoin in 2020

Posted at 14:15h in Bitcoin News by

  • Tezos’ native token XTZ is steadily trending upwards against Bitcoin since October 2019.
  • A medium-term ascending trendline is offering strong support to the said uptrend.
  • Favorable fundamentals and technicals could lead XTZ to establish an all-time high in bitcoin-enabled markets.

Tezos blockchain’s native asset XTZ could register a historic high against Bitcoin in 2020 despite facing the risks of deeper dives.

The tenth-largest cryptocurrency surged by circa 313 percent after bottoming out near 7,963 sats in October 2019. At its highest, XTZ was trading at 38,644, but a Coronavirus-induced sell-off led it lower towards a fresh 2020 low of 24,596. Nevertheless, it has since rebounded impressively, marking one of the best recoveries among the top crypto assets.

tezos, cryptocurrency, bitcoin, xtzbtc

XTZBTC rose steadily, supported by a medium-term ascending trendline | Source: TradingView.com, Binance

XTZ’s uptrend received ample technical support from a medium-term ascending trendline, as illustrated in the chart…

Source link

Tags:
, , , , , ,