Since our last market update, the Bitcoin price has continued higher, with the rate of growth exploding so far that the price of the cryptocurrency has gone vertical, briefly tapping $6,600 just some hours ago.

At that price, BTC was up 20% on the day, easily outperforming the American stock market indices of the S&P 500 and the Dow Jones, which have posted slight gains (of 1% to 2%) on the day.

Trend is getting Bullish

The trend is getting bullish, though. Analyst Galaxy noted that a trend indicator that nailed the $6,400 bottom in December, then predicted a retracement when BTC was trading at $10,000, has just printed a buy signal for the first time since December. This would suggest a reversal is underway.

Not to mention, there are many fundamental reasons to be bullish on Bitcoin. Hunter Horsley, CEO of Bitwise Asset Management, shared a few:

-Bitcoin has started to decouple from traditional markets, proving that it may act as a safe haven in the ongoing crisis.

-72% of Coinbase clients are buying BTC, per data from the company itself.

-The Bitcoin block reward halving is 50 days away.

-Billions of dollars may return “when levered longs return.”

-Central banks have printed trillions worth of dollars to stimulate the economy, setting the stage for inflation that may benefit cryptocurrency.


Source and more:
http://www.sanwomi.com.ng/2020/03/bitcoin-explodes-more-than-20breaks.html

Btc merchandise has started heavily in Italy.