Here’s How To Predict Major Moves In The Price Of Bitcoin

By Billy Bambrough

Bitcoin has been swinging wildly over recent months, seeing even higher volatility than usual.

The bitcoin price, which has had all of its 2020 gains wiped out by panic sparked by the spreading coronavirusfell to 10-month lows earlier this month only to rebound sharplyand is now trading at around $6,000 per bitcoin.

Bitcoin and cryptocurrency investors are keenly watching for any signs of further volatility with one analyst pointing to “large increases in exchange inflows” as heralding extreme bitcoin price moves.

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