Crypto Weekly: 2/24/2021
Feb 24, 2021
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Market Recap: New ATHs & Continued Volatility
Bitcoin rallied to a high of $58,367 on Sunday before commencing a 23% sell off down to $44,888 yesterday morning and bouncing to its current price of $48,770. In our view, the recent move is nothing more than a nice healthy correction and we think recent events have de-risked the market. We continue to believe the fourth crypto bull market remains intact and our Bitcoin price target remains $100k.
Source: Tradingview
One reason we believe the recent sell off puts the market on sounder footing is the impact it has had ...