Why There Remains a Case For a $4,200 Bitcoin (BTC) in 2020

Over the past few days, Bitcoin (BTC) has shown signs that the bottom is in.For instance, prominent trader Filb Filb noted in a recent newsletter that the cryptocurrency bounced off the “miner’s bottom,” the price at which the average cryptocurrency breaks even when mining BTC. This is notable as the crypto market bottomed when Bitcoin interacted with the miner’s bottom in December 2018. That’s not to mention that the price chart printed an area of so-called bullish divergences at the $6,500 level.

This post was originally published on www.newsbtc.com