{1 - 24} GreyGrey
{25 - 49} GreenGreen
{50 - 499} BlueBlue
{500 - 4999} OrangeOrange
{5000 - 24999} RedRed
{25000+} BlackBlack

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Is bitcoin bounce a real or is it just a freaked out situation?



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1 Answer

Cryptocurrency has been under a lot of pressure this year due in part to selling in time for tax season, as well as imminent regulation in the reservation. Many times the per unit price has raised to $9000 and again dropped down to $6000. According to https://cryptonewstrends.com/ bitcoin once again surged above $8000 and many analysts believe bitcoin has some space to run this time.

I am looking on to positive developments from numerous cryptocurrency exchanges within the returning months, that ought to be conforming to the market. Bitcoin has been bottoming out over the last week, $500 more than its lows in February of $6,000. This bounce back really tempted me in investing on bitcoin again.

I thought Bitcoin bounce is real this time and was making ballons of hope for it. But I was wrong. It was just another freak-out situation and has again gone down to $6000. I would hope bitcoin can have a real bounce back soon.

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