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Transcript:
0:00:00 Bitcoin Price Support Gives Way at USD 8,600 as Bulls Recuperate
0:00:06 This update is brought to you by "CoinCheckup News Updates" and was originally published on "BitcoinNews.com".
0:00:12 Previous support levels at USD 8,600 completely gave way as Bitcoin buyers and bulls, in the spotlight since Sunday, finally relented after the close of Asian markets, allowing buying volumes to drop as shorts begin to dominate.
0:00:27 The ferociousness with which Bitcoin shrugged off a year of bearishness in just a few short months this year have so far led to several prominent players calling this the end of the “crypto winter” and the beginning of the “crypto spring”.
0:00:39 Analyst Tom Lee already called the start of this spring last week, but others believe winter will only truly end when Bitcoin dumps altcoins.
0:00:47 One crypto influencer, imBagsy, points out that few people, if any, even among experts had predicted these price levels when Bitcoin was trading at its annual lows earlier in the year, proving that Bitcoin price was as unpredictable as ever.
0:00:60 When we were at the 3-4K range, I don't remember seeing one analysis or chart predicting $BTC having 8.9K+ as a target.
0:01:09 Goes to show nobody knows what's going to happen next.
0:01:12 Thanks for checking this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: "BitcoinNews.com", who originally published this news update on their website.
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