A Q2 Price Boost? History Is On Bitcoin's Side

utpoldebnath (44)in #crypto • 8 years ago

The second quarter of 2018 might bring some respite for beleaguered bitcoin (BTC) bulls.

The world's largest cryptocurrency by market valuation looks to own found a bottom round the $6,500 mark, having born fifty p.c within the half-moon - notably, the worst Q1 performance on record. Overall, its safe to mention bulls are troubled to search out their feet as indicated by stagnant costs and a narrowing worth vary.

Yet, speculation is doing the rounds that massive Wall Street names (such as Soros and Rockefeller) ar set to enter the crypto area. If confirmed, the news might work up the bull case, as happened with the arrival of bitcoin futures presently before bitcoin's Dec worth peak.

However, history is also on bitcoin's aspect moreover - AN analysis of the CoinDesk Bitcoin indicator shows BTC tends to perform well within the second quarter.

#busy #blockchain #bitcoin #steem

8 years ago in #crypto by utpoldebnath (44)

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