Current Bitcoin Rally Won’t Get ‘Stuck’ Like In 2019, As Volatility Stabilises For Crypto And More Buyers Are Waiting On The Sidelines

Victor Argonov, senior analyst at EXANTE compares Bitcoin‘s rally in 2019 to 2020-2021 Q1 2021 hedge fund letters, conferences and more When the crypto winter ended in April 2019 and the rally began, many were confident that Bitcoin (BTC) would break its record from 2017. But after the rapid growth in April-May, the rally slowed down. In the summer, BTC reached a multi-month record of $13,000 (it had risen by 4 times since the beginning of the year), after which it began to fall in price, having rolled back to $7,000 (2 times) by the end of the year. The current rally started in October with l…

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HEDGE accordingly