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Bitcoin’s Boring Price Could Be End Of Quarter Lull

From forbes.com

Known for its large price swings, bitcoin (BTC) has seen relatively quiet price action the over the last several weeks. The asset’s tides could change heading into 2020’s third financial quarter, however. “Bitcoin has had a strong Q2 once again, +41% as of the 29th of June, and has recently been trading in a tight range between $9,000 and $10,000,” Emmanuel Goh, cofounder and CEO of cryptocurrency data analytics company Skew, told me on June 29 via email. The third quarter “is usually more challenging from a performance perspective if you remove the exceptional 2017 vintage,” Goh added, pointing toward historical ... (full story)

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  • Category: Fundamental Analysis