Bitcoin Price Rises 17% but History Suggests Losses Could Follow

[Shahinaz]

The Bitcoin price pumped hard on Wednesday, reaching a local high of more than $9,400 on some exchanges. The price move is among Bitcoin’s largest ever single-day upswings by dollar value.

There have been a total of 14 days before now that saw the Bitcoin price gain more than $1,000 in just 24 hours. However, a look into history shows that such moves might not be as bullish as one may presume.

BTC at the Races: Historic Price Moves Lead into Month of Bitcoin Halving
Bitcoin is no stranger to volatility
We can describe volatility as how much the value of an asset changes over a given time. A volatility index... More
. In its 11-year history, the leading cryptocurrency has seen many price swings, both up and down, that make all but the most extreme moves on Wall Street look tame.

more : https://beincrypto.com/bitcoin-price-rises-17-but-history-suggests-losses-could-follow/

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