2020 has been Bitcoin’s year, with the cryptocurrency posting massive gains throughout January as bulls attempt to lay the groundwork for BTC to see parabolic gains throughout the rest of the year.
It is important to note that there is currently a multitude of separate factors that are influencing Bitcoin’s price action, and the confluence of these factors does seem to suggest that a new bull-favoring cycle is right around the corner.
As for when this new cycle will begin, it does appear that all these factors are pointing to a notable macro trend shift occurring in early-May, which happens to be when the crypto’s mining rewards halving event is set to occur.
Bitcoin’s Firm Uptrend Allows Its Macro Outlook to Look Increasingly Bullish
Bitcoin has seen some turbulent price action over the past 24-hours – rallying to highs of $9,600 before facing a swift selloff that sent it reeling back to lows of $9,200. Read More...