Analyst Compares Current Bitcoin Rally to 2013, Buyers Should Hold
Bitcoin’s recent price plunge isn’t quite like late 2013 as many Bitcoin investors and traders assume. In November of 2013, the price trend of Bitcoin was nearly identical with the rally of Bitcoin in the final months of last year. On November 25, 2013, Bitcoin reached a price of $988 on most global Bitcoin exchanges, including Bitstamp. However, when China announced its first “ban” on Bitcoin, the price of Bitcoin dropped 36 percent within 30 days, declining to $625. #bitcoin's current price volatility due to #PBOC is nothing like the November 2013 rise and fall. Orange line = then, Blue....
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