According to Bloomberg’s technical indicator, Bitcoin (BTC) signaled a buy for the first time since December 2019.
The leading crypto asset, which exceeded the $ 10,000 level in early 2020, is now $ 39.50% lower than its annual high, after its historic collapse on March 12. Many crypto figures, including Mike Novagratz and Barry Silbert, consider the collapse of Bitcoin as an opportunity to buy.
Don Wyper stated in his statement that Bitcoin is much more valuable than its current value, but it needs time because it is a new asset and a new technology.
Crypto trader Scott Melker stated that Bitcoin has been very volatile lately and should not be excited about the rises.
Friendly reminder that Bitcoin is simply ranging. pic.twitter.com/0amrroiqpk
– The Wolf Of All Streets (@scottmelker) March 30, 2020
Bitcoin is at the level of $ 6,379 as of writing and is still above the 200-day moving average.
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