Over its short ten-year life span, bitcoin prices have traditionally seen better months than others. February has been one for the bulls so will history rhyme again in 2020?
Bitcoin Price Momentum Building
Bitcoin price has continued to build on the weekend momentum by gaining again today. According to Tradingview.com the last 12 hours or so have seen a $500 pump from $8,650 to $9,150.
BTC price 1-hour chart – Tradingview.com
The 6 percent plus gain has built on momentum at the weekend which many attributed to negative news surrounding the Chinese Coronavirus outbreak.
It is true that Asian stock markets have fallen along with the Chinese yuan which are usually bullish signals for bitcoin.
Analysts such as Josh Rager see nothing out of the ordinary going on with BTC markets though.
“The short answer – $BTC has made no abnormal…
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