Passed Bitcoin Stress Test: Best Time for BTC

Passed Bitcoin Stress Test Best Time for BTC

Bitcoin (BTC) price gained more than 20 percent and created a very positive atmosphere in the market. Most investors think that this rise will continue.

On March 19, Bitcoin was trading at $ 5,500. At the time of writing, the leading crypto currency was traded at $ 6,640 and moved to the green zone. Traders and analysts, observing this rise in bitcoin, state that BTC has undergone a major stress test and has managed to rise despite the global markets falling.

A Great Stress Test for Bitcoin (BTC)

Trader Joel Kruger points out that Bitcoin has been performing extremely well while the turmoil in global markets continues, stating that the current situation (the sudden occurrence of Bitcoin price crash last week) was a major stress test for BTC and the biggest digital asset passed the test. According to Trader, there is no better time for BTC than this.

Bitcoin (BTC) Traders Used to Volatility

An angel investor, known as “WhalePanda” on Twitter, also expressed his views on the latest Bitcoin behavior. WhalePanda said that in the financial crisis in the current markets, stocks have become too volatile and “crypto trading” has begun. He also stated that the high volatility in the global markets is not new and that traders in the crypto market are accustomed to this situation.

“Bitcoin continues to be the most speculative asset”

Technical analyst “CryptoDude” stated that the extreme volatility of Bitcoin is not unusual, which causes much higher up and down movements than gold or S&P 500. He said that this reminds the society that Bitcoin is still the most speculative asset.

Regarding the current state of the price of Bitcoin, trader Scott Melker stated that Bitcoin has risen almost 88 percent from the post-crash bottom point and is only 15 percent away from the point where the final price crash began (8,000).


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