Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival
Blog iconBitcoiner
Jan 26
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January, and the Fed plans slower rate increases in coming months. Bitcoin (BTC) could be in position for a big move higher if history is any guide, with a recent upswing paralleling the bull revival of mid-2019 that saw the price surge by almost 250%. The leading cryptocurrency by market value has jumped nearly 40% to $23,000 this month, according to CoinDesk data. The...

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