After Overnight Flash Crash, Here Are 5 Reasons Why Bitcoin Will Rally Again
Cointelegraph
Published Feb 21, 2020 03:55PM ET
Updated Feb 21, 2020 05:42PM ET
After Overnight Flash Crash, Here Are 5 Reasons Why Bitcoin Will Rally Again
Bitcoin’s (BTC) price hit $9,260 on Feb. 20 and dropped to $9,350 on BitMEX the very next day. Analysts say these two pullbacks were liquidity fills and that the dominant cryptocurrency is likely to sustain its bullish market structure.
Technical analysts and industry executives have laid out the exponential moving average golden cross, strong weekly support at $9,500, halving, liquidity fills and rising on-chain activity as the five main factors to support the continuation of Bitcoin’s upsurge over the coming months.
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Written By: Cointelegraph
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