KQMarkets

Bitcoin - Long - Upside Potential

Long
BITFINEX:BTCUSD   Bitcoin
We have changed our view on Bitcoin to long as we feel there is significant upside potential for the cryptocurrency after it's massive drop over the past few trading sessions. There could be further downside and prices could reach YTD lows at around $3280.7 but we feel given it's volatile nature Bitcoin could rise 100% in particular if it starts being recognized as a safe haven due to the continued coronavirus crisis.

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