Bitcoin Price’s Meteoric 2019 Isn’t Even a Mainstream Trend Yet

Lai Tran June 24, 2019 0 Comments

The bitcoin price carved out a new 2019 high on Sunday, piercing above $11,200. The parabolic rally marks a 250 percent recovery from the lows of October 2018. But this price rally is missing one thing: retail investors.  Judging by Google search trends for the phrase “buy bitcoin,” the mainstream is absent from the latest price rise. It’s a sharp contrast to bitcoin’s parabolic bubble in 2017, which was triggered by an influx of the general public. Instead, bitcoin’s move above $10,000 is driven by institutions and existing players moving money back into bitcoin. If this analysis is correct, there’s

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Source: Bitcoin CNN