April Fool’s Gold?
Data from across major exchanges shows a sudden reversal in Bitcoin’s fortunes on the day, the cryptocurrency gaining $300 in around 15 minutes.
As of press time, prices are holding higher at around $6800, with a retest of $7000 a potential first battle for a possible uptrend.
Prices had failed to find support at $7000 at the start of the weekend, falling over 10% in the last three days, while altcoins such as Ethereum delivered even bigger losses for investors.
Sunday’s sudden move upwards was greeted with optimism on social media, with industry figures and amateur commentators alike expressing their surprise at the breakout.
That Sunday #Bitcoin News Show Pump! pic.twitter.com/E7HMsZ5Yyw
— Vortex (@theonevortex) April 1, 2018
Google’s ‘Bitcoin Death Index’ Quite Accurate
As Bitcoin staged its tentative recovery, meanwhile, new data shows belief in its resilience is in fact at its highest when prices are low.
‘Bitcoin dead’ on Google Trends
Granted, searches for ‘Bitcoin price’ do appear similar to the actual BTC price …
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