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Bitcoin breakdown after bulls add 30% since Friday

jeffriess
October 28, 2019
by Joseph Jeffriess, Market Analyst

Article Recap

Bitcoins Numbers;

• Today +6.25%
• This Month +18.29%
• This Year +186.58% (till today – 28/10/2019)

Traders, Bitcoin roared back to life from last Friday after Chinese comments about looking to adopt blockchain technology. China’s President Xi Jinping reportedly said that the country needs to “seize the opportunity” made in blockchain technology. Bitcoin jumped after this news, but doubts remain as to how much influence its had on the current rally. Either way it looks to had some influence.

Please take a look at today’s video below for a breakdown of the current 30% move Bitcoin started last Friday.

All times are AEST.