Bitcoin’s (BTC) Journey Above $10K Tied to Progress Against COVID19
Earlier today, the traditional markets rallied briefly as news broke that the pharmaceutical company of Moderna had had positive results with its COVID19 vaccine trials. Bitcoin’s Journey Above $10K Tied to Progress Against COVID19
Bitcoin is yet to exhibit a reaction to the news of a possible vaccine by Moderna.
However, given how BTC dipped hard due to COVID19 being declared a pandemic back in mid-March, it can be loosely concluded that positive news related to winning the global war against the Coronavirus will also push Bitcoin above the psychological price of $10,000. Conclusion Summing it up, it is highly likely that Bitcoin can reclaim pre-COVID19 levels above $10,000 with additional positive news regarding potential vaccines against COVID19.