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Bitcoin Price Rally by 2021 Looks Likely From Five Fundamental Factors

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Bitcoin Price Rally by 2021 Looks Likely From Five Fundamental Factors
Bitcoin Price Rally by 2021 Looks Likely From Five Fundamental Factors

The price of (BTC) has been bouncing in the range between $8,600 and $10,000 for the past two months. BTC has shown little volatility since May, following a critical rejection at $10,440. However, five major fundamental factors still point toward a prolonged uptrend by 2021.

According to data from Skew, the 10-day realized volatility of Bitcoin dropped to the lowest level of the year on June 24. This may indicate that traders are cautious because BTC is at a crucial price point. The performance of BTC over the next several weeks could hint at its price trend throughout the year’s end.

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Published at Fri, 03 Jul 2020 00:40:13 +0000-Bitcoin Price Rally by 2021 Looks Likely From Five Fundamental Factors

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