Why Bitcoin’s Plunge to $6,500 Might Have Been the Bottom

Bitcoin has had a crazy past 12 months. Since bottoming at $3,150 on December 15th, 2018, the cryptocurrency has bounced back. Hard. By June, a coin was trading for $14,000 a piece, up hundreds of percent since the year started.
Related Reading: Why There Remains a Case For a $4,200 Bitcoin (BTC) in 2020
Now though, Bitcoin is trading for $7,200 — a far cry from the five-digit price point we all saw earlier this year. The purported reasons for the fall are all over the map: some say it was