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Bitcoin's relief rally may be 'fleeting.' Here's how long it may last.
Bitcoin's relief rally could be "fleeting," but is likely to extend for another week or two from a technical perspective, according to Fairlead Strategies. The price of bitcoin (BTCUSD), the largest cryptocurrency, has risen 7% over the past five days, staging a relief rally, though it is still 5.8% lower on a year-to-date basis, according to Dow Jones Market Data. Bitcoin was trading at around $88,037 on Monday afternoon, about 19.5% lower than its record high at $109,225 reached on Jan. 20, President Donald Trump's inauguration day. Bitcoin rallied early this year as investors expected the regulatory ... (full story)
