The Nasdaq, which plunged in value following both the dotcom bubble and financial crisis, more than doubled in value in the following five years of post-bubble recovery. Like the Nasdaq, bitcoin could recover rapidly in the medium-term, analysis suggests. With the 200-day moving average of bitcoin reversing its trend for the first time in 16 months and various technical indicators demonstrating a positive near-term trend for the asset, many industry executives and investment firms like Pantera Capital believe bitcoin has bottomed out. If $3,122 Was the Bottom, Bitcoin is En Route to a Strong Recovery As suggested by Bloomberg’s emerging
The post Bitcoin Price: Why the Nasdaq Dotcom Bubble Suggests BTC Will Surge 200% appeared first on CCN
Read the original post: Bitcoin Price: Why the Nasdaq Dotcom Bubble Suggests BTC Will Surge 200%