Crypto

Bitcoin Price Bounces Back to Highest Level Since Coronavirus Drop

The start of 2020 hasn’t been overly promising for Bitcoin or other cryptocurrencies. However, it would appear that things are not all that bad, given the current circumstances.

The Bitcoin price has seen ample turmoil throughout the first few months of 2020.

Bitcoin Price Momentum Seems Promising

Despite ample volatility, it would appear that the overall BTC value is still in a good place.

More specifically, the highest level since the coronavirus crash in March has been achieved.

Overcoming the drop from over $10,000 to roughly $4,350 has been very challenging. 

Despite the odds, the Bitcoin price has

Related Post
bounced back during the coronavirus crisis.

The big question now is whether there is sufficient momentum to keep the price at this level or push it even higher.

For now, a break above $8,000 remains rather unlikely.

This momentum also confirms that the expected Bitcoin price bull run due to the coronavirus crisis has failed to materialize so far.

Not entirely surprising either, as that was never a guarantee by any means. 

As the Bitcoin reward halving comes closer, it may  get pretty interesting to keep an eye on BTC moving forward.

Many people still expect the Bitcoin price to move to a new all-time high in the next few months, which may be overly ambitious. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ethereum Ecosystem Primed For A November Rally – ETH Coins Chainlink (LINK), Toncoin (TON), And Cutoshi (CUTO) The Ones To Watch

With a Total Value Locked (TVL) of $50.72B, Ethereum is the world's largest blockchain, with…

5 hours ago

Analysts Predict a Rollblock 5000% Surge Dwarfing Pepe Coin and Popcat Recent Fame

The meme coin market has recently been surging once again; tokens such as Pepe and…

15 hours ago

FLOKI Dominates Meme Market as Rollblock ICO Skyrockets. Is Polkadot Losing Its Edge?

The FLOKI price has recorded over 300% yearly ROI, dominating crypto gains in the meme…

15 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

15 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

15 hours ago

Plus Wallet vs. OKX: A Look at Security, Privacy, and Global Accessibility

A Complete Comparative Analysis of Plus Wallet & OKX: Security, Privacy, Accessibility & Rewards Choosing…

21 hours ago