Bitcoin Swings Yet the Uptrend Direction Has Not Changed

Bitcoin’s price pulled back slightly and closed at $11,430 yesterday. It seems healthy for Bitcoin’s price swinging gently after a quite volatile day before. According to Fidelity’s report, Bitcoin volatility is worth the risk for institutions. It further enhances the point that Bitcoin is now in a healthy condition which might attract institutional investors taking risks for it. Therefore, Bitcoin swings yet it is still on the uptrend track.

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