The Byzantine general said Sunday morning that the recovery of Bitcoin from the start of the Bollinger band is about $ 8,700 “paid” as it clearly proves that cryptocurrencies are rising. In fact, he noted that BTC speculators recently managed to regain basic control before rising to $ 3,000 to $ 14,000.
If history repeats itself, the Bitcoin leg will be higher in the coming weeks and months, potentially close to half the record.
Related Reading: Stephen Colbert Mocks Bitcoin in Monologue: Home Is Wrong?
Not all sun and rainbow
Sure, technology is starting to benefit, but BTC has recently dropped to a key level: As Crypto Vulture, a cryptocurrency operator, points out, Bitcoin Sunday’s growth declined to a moving average of 200 days at around $ 9,200.
The 200-day moving average is, in some contexts, often at a quoted level, which, according to analysts, indicates whether the asset / chart is analyzed, macro-uptrend or macro-volatile. With this in mind, denial implies that a long-term downturn can result.