Bitcoin Has Begun Its Journey to Fresh All-Time Highs; Factors to…

News BTC | Jan 23, 2020 at 1:00 AM
  • 2020 has been a great year for Bitcoin, with its rally from its late-2019 lows of $6,400 altering the cryptocurrency’s market structure to greatly favor bulls, leading many investors to believe that these lows will mark a long-term bottom for BTC.
  • This optimistic belief is not unwarranted, however, as multiple technical and fundamental factors also seem to suggest that the crypto will soon see a massive extension of its recent uptrend.
  • It is important to note that although the technical impact of the inflation reduction that results from this event is fundamentally bullish, analysts are split on whether or not its short-term impact will catalyze any momentum.