Bitcoin Price Still Massive 75% Away From Next Bull Peak, Squeals Analyst

Since December 2018, within 168 days, the bitcoin price has increased by more than 130 percent year-to-date against the U.S. dollar, engaging in a powerful recovery following its crash to $3,150.

Based on the historical performance of bitcoin and the length of bull markets throughout the past eight years, cryptocurrency trader Josh Rager suggested the likelihood of the bitcoin rally being sustained throughout the next two years.

Although the bitcoin price briefly dropped to $8,000 as reported by CCN in an unexpected 11 percent drop, many traders have expressed their optimism towards the dominant cryptocurrency on a macro level.

Reference: https://www.ccn.com/bitcoin-price-75-away-from-bull-peak-analyst

Hits: 45

Author: Neo Anderson

Leave a Reply

Your email address will not be published. Required fields are marked *