Here’s Why Analysts Aren’t Worried After Bitcoin’s 10% Plunge to $9,250

20-Feb-2020

Bitcoin didn’t fare too well on Wednesday. After recovering 8.4% to $10,300 after a 10% retracement to $9,500, bears returned to brutalize bulls. In the span of a few hours time, the price of BTC tanked off a cliff, falling as low as $9,250 on some exchanges, shocking the entire industry in the process. In spite of this jaw-dropping move, a number of analysts have reminded investors to zoom out, underscoring that the short-term volatility on the downside disguises the […] read more

Nick Chong