What Correction? On-Chain Outlook for Bitcoin Still Bright After 10% Drop

23-May-2020

Just days ago, Bitcoin was trading at $9,800, just days away from decisively passing $10,000. Now, the cryptocurrency is trading at $9,200, having collapsed on the back of fears of Satoshi Nakamoto dumping his cryptocurrency. It’s a drop that has had some investors fearing the worst. Yesterday, for instance, Bitcoin closed below a key technical support level: the middle Bollinger Band, which is the 20-day moving average. AI and Cloud specialist at Microsoft Joe McCann, […] read more

Nick Chong