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Bitcoin: What does H1 tell us?
One of the impacts of COVID-19 has been people at home, receiving some pay, and then getting interested in cryptocurrencies. Bitcoin has once again grabbed the headlines with enormous gains and losses being made over the last few months. So, let’s take a look at Bitcoin over a larger timeframe. Bitcoin more than doubled in the first half of the year, then hitting a high just shy of $65,000 in April. In the month of May BTC fell around 35%. Since then BTC has fallen around a total of 50% from April’s heights and currently trades around $33,000. Lesson number 1: If you are going to trade Bitcoin be prepared to ... (full story)
