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The when and how of Bitcoin’s much-anticipated supercycle; is $140,000 an easy target
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The larger market crash on Friday saw the king coin drop to a 50-day low of $53.25K as a bearish sentiment finally took over the spot market. The dip was largely propelled by fears of the new coronavirus variant. It was even labeled as a “Black Friday” discount on BTC’s price across social media, as the top coin’s price oscillated near the lower $54K-$55K range for almost three days.
Finally, on the last day of November, BTC managed to recover as the coin saw over a 6% rise in price from the lower $53.25K level. BTC’s seemingly quick recovery could also be partly credited to the news of MicroStrategy acquiring 7,002 Bitcoin earlier this week at an average price of $59,187/BTC.
Along with that, German stock market operator Deutsche Boerse
Read more on ambcrypto.comAbout this in other media
Bitcoin's price could surge by another $500,000 as institutional investors search for uncorrelated assets, Cathie Wood says markets.businessinsider.com /3 years ago
Bitcoin extends recovery as bulls aim for $55,000 economictimes.indiatimes.com /3 years ago
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