Is Bitcoin in Recovery, Or Is it Being Overbought?

[kreslik.news]

A lot of people who once believed in the power of Bitcoin have lost their faith, and for good reason.

The currency, which hit $20,000 in December of 2017, has essentially been stuck between roughly $6000 and $10,000 since the beginning of the year; over the past month, the coin has bottomed out between $5700 and $7000.

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However, it seems that a little bit of momentum has been building in the price of Bitcoin over the last several days. A week ago, a single BTC was valued at approximately $7300. Today, Bitcoin is worth nearly ... (read more)