Bitcoin Price
Well, I can't exactly claim that bitcoin has had a great recovery but it has seemed to stop the abrupt decline. I thought we were already at the bottom but it seems we still had a bit of room to give. There seems to be a lot of optimism that we are charging up for a bullrun. I don't think that's unlikely. It does seem like we have a very strong bottom. It was tested, and it was broken, but the price didn't drop terribly far. Especially when you compare it with other coins. I don't see very much volume of weak hands at this point. I think the traders may be liable to buy and sell, but it looks like we have a pretty strong foundation of holders at these prices. I think the decrease in volatility is representative of an increasing proportion of holders that are in this for the long haul. The traders are still trading back and forth, but less of that volume is coming from real holders now.
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