The bullish sentiment on Bitcoin is gathering
Bitcoin is moving higher at price steadily during the past two days after the dip on Tuesday. There is a strong support level at $9,500 can be seen in the 4H chart. In particular, a higher lows pattern again shows there is a bullish momentum that keeps pushing Bitcoin higher in price. As long as the price remains above the main support level at $9,500, Bitcoin is not finished with its bull tendency.
Bloomberg says that all signs point to Bitcoin going on the major bull run in 2020. The report suggests that COVID-19 has accelerated Bitcoin’s maturation as an asset, showing its strength amid declining equities. In addition, it points to the ever-increasing appetite of institutional investors. With the halving and almost half of 2020 behind us, we should not have to wait long to see if Bloomberg’s forecasts come true.
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