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.
CryptoParrot
Crypto Parrot Community Mgr - Here to help answer questions, fix things & help out when needed. Got feedback? Send those bad boys here: [email protected]
Related articles
Bitcoin records 3x higher average trading volume in October than Apple, Amazon, Microsoft
After experiencing increased volatility in late September, Bitcoin (BTC) appears to be regaining its momentum towards another all-time high…
2mins 12 Oct, 2021 CryptoSlashyAlmost 5,000 new cryptocurrencies launched in the last 12 months
As the cryptocurrency industry continues to mature with mainstream adoption, investors are pumping more money into the sector contributing to the sector’s popularity.…
2mins 22 Sep, 2021 CryptoParrotEthereum adds over 38 million new addresses in 2021, 22% of all ever created
The Ethereum network plays a key role in the cryptocurrency circles, with the asset recording significant interest.…
2mins 14 Sep, 2021 CryptoParrotBlockchain-related job postings surge 118%, software development sector leads at 30%
The focus on cryptocurrency and blockchain technology has been growing in recent years as organizations explore how to leverage the industry’s full potential.…
2mins 31 Aug, 2021 CryptoParrotStart trading
Recommended crypto exchange
Buy & sell Crypto in minutes
Learn more