What Bitcoin Must Do To Avoid One-Hit Wonder Status: 4 Updated Charts - News Summed Up

What Bitcoin Must Do To Avoid One-Hit Wonder Status: 4 Updated Charts


The daily price chart looks like this:The main thing here is that this is not yet an uptrend. The weekly price chart looks like this:The bitcoin price continues to trend downward when viewed on a weekly basis. You can see that the up trend line connecting the lows from 2015 through the 2016 lows was broken late last year. The down trend line connecting the late 2016 highs with the steadily lower 2018 peaks remains in place. The price remains below the downtrend line that's been in place steadily since the extraordinary peak prices of late 2018.


Source: Forbes February 09, 2019 18:00 UTC



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