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Will bitcoin see positive movement in April? Are the odds in its favour?

Will bitcoin see positive movement in April? Are the odds in its favour?
  • COVID-19 has taken over the world in ways none of us could’ve ever predicted. 
  • The events brought on because of the Coronavirus and its impact on the world has made March one of the toughest months in a significantly long time.

COVID-19 has taken over the world in ways none of us could’ve ever predicted. The events brought on because of the Coronavirus and its impact on the world has made March one of the toughest months in a significantly long time. When it comes to the economy, industries have sunk, markets have crashed and when it comes to bitcoin, it has lost around 25% of its value with his current price being $6300.

As we enter April, the question on every investor's lips is whether the leading cryptocurrency will be able to regain its profits over the next 30 days. This time last year, bitcoin gained over $1000 in just one day, so will history repeat itself?

Coronavirus

Unfortunately, the odds are significantly stacked against bitcoin this year. With circumstances being as they are, the odds of cryptocurrency (and for that matter the economy in general) recovering at such a rate is just too low. Despite this, we all know how unpredictable and volatile bitcoin can be so the future is uncertain.

This is why we say please do your own research before putting your money in a cryptocurrency and always remember to trade safe!

It will be interesting to see how this plays out where bitcoin will go this April. For more news on this and other crypto updates, keep it with CryptoDaily!

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