3 Things to Watch for Before Calling a Bitcoin Bottom

While bitcoin sees signs of life after a month of dashed hopes, experts warn it may be too early to call a resumption of the broader bull run. 

The cryptocurrency reached 2 1/2-week highs above $40,000 early Tuesday, having found bids near $36,000 over the weekend after Tesla CEO Elon Musk said the carmaker could resume bitcoin transactions should miners meet environmental standards. 

Some observers see Musk’s comments as massively bullish because they show that concern over the negative…


Source link

About bitcoin

Check Also

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published. Required fields are marked *