Why this Bitfinex Bitcoin whale isn’t convinced of the crypto market’s 70% recovery

BTC $6754 (+0.7%) • ETH $138 (+1.3%) • XRP $0.18 (+8.7%)

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Since the $3,800 bottom, Bitcoin has done surprisingly well, rallying as high as $7,100 just this weekend to register an 87 percent recovery. Altcoins followed suit, posting similar gains to the crypto market’s leader.

Despite this convincing bounce, which has been cemented by days of accumulation in the mid-$6,000s, above the key supports in the low-$6,000s, a prominent cryptocurrency trader is not convinced that Bitcoin is ready to head much higher. Here’s why.

Read the full story here ➡️


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What else?

♥️ Binance to raise $5 million to help with the global pandemic

🦠 Venture capitalist: 2020’s coronavirus crisis will only prove the value of Bitcoin and crypto


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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.

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