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Worried About Bitcoin's Price Action? Here's Why You Shouldn't Be
Although the bitcoin price has been wavering since March 13, there are historical, technical and foundational reasons to be optimistic.
March 26, 2021
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Although the bitcoin price has been wavering since March 13, there are historical, technical and foundational reasons to be optimistic.
Today on “The Breakdown,” NLW digs into bitcoin and crypto markets. He argues that despite two weeks of sideways-down price action, there are a set of reasons to be optimistic:
- Historically bad March months versus historically good Aprils
- Retracements and pullbacks in 2017
- Analysis around options expiry in 2021
- The continuation and expansion of the macro inflation narrative
- Institutions applying for bitcoin ETFs
- Coins leaving exchanges
Image credit: Nuthawut Somsuk/iStock/Getty Images Plus
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