Bitcoin Price Spiked 11% in February But Could Tank & Hit New Lows

The bitcoin price posted its first monthly gain in February after a dismal seven-month drought. However, technical analysis suggests the original cryptocurrency could crater to new lows because a downtrend appears to be forming. Bitcoin Price Spiked 11% In February Mati Greenspan is a senior market analyst at Tel Aviv-based crypto trading platform eToro. He told Bloomberg that February’s 11% spike in the bitcoin price is encouraging, but it isn’t out of the woods yet. Greenspan noted that trading volume has rocketed to a 12-month high. After six months in the red, it’s great to finally close one in the

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source https://www.ccn.com/bitcoin-price-spiked-11-in-february-but-could-tank-hit-new-lows

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