Bitcoin has seen immense volatility over the past few weeks, slingshotting between key support and resistance levels on a daily basis. Monday’s price candle alone had an $8,000 range, which is the largest ever.
just the ol 8k daily range pic.twitter.com/FXXet2NzmJ
— nic carter (@nic__carter) January 11, 2021
The cryptocurrency currently trades for $35,000, though fell as low as $30,000 just hours ago. Bitcoin also traded as high as $42,000 late last week, which was a new all-time high for the asset.
This volatility and growth have led some to liken Bitcoin to the Dotcom Boom and Bust.
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Mark Cuban, billionaire investor, a Shark Tank “Shark,” and the owner of National Basketball Association’s (NBA) Dallas Mavericks, says that Bitcoin’s ongoing bull run looks similar to the Dotcom Bubble:
“Watching the cryptos trade, it’s EXACTLY