Bitcoin in a tipping point
29 Apr, 2021 CryptoParrot
Will Bitcoin Rise Up to Uncharted Challenges or Revert to a Safe Zone?
2021 has been a revolutionary year for the king of crypto. After breaking every record in the book, becoming the new darling for Tech giants and beating even the most hopeful of forecasts, the hype is finally settling down a bit.
After this massive success that was Q1 for Bitcoin, now the currency faces a psychological fork down the road. After trading most of the year so far above its historic average, the currency is now failing to meet the moving average of just above $56k. If this trend holds water, the logical course will be a price correction and devaluation towards a less-exciting Q2.
On the other hand, BTC has shown signs of pulling intense and jaw-dropping reversals over the year. Should the targets be met, the sky will be the limit for the king of crypto once again express its majesty in the cryptocurrency world.
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