Bitcoin price outlook still bullish despite drop from COVID-19 vaccine news

The price of Bitcoin (BTC) has seen extreme volatility in the past 24 hours. After the Dow Jones Industrial Average abruptly rose by more than 800 points, BTC plunged in tandem with gold. Within five hours of achieving a four-day peak at $15,840, the dominant cryptocurrency abruptly plummeted 6.5%. Following the correction of BTC, analysts and traders remain divided on its near-future prospects.

The short-term pullback of Bitcoin, which happened within several hours, was beneficial for BTC…


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