There are quite some ‘bitcoin detractors’ out there, who often denounce the digital asset for its volatility. With another pump today there is no doubt that BTC has been as volatile as ever over the past few weeks but is it such a bad thing?
Yet again bitcoin price has surged during Asian trading, breaking $13,000 a couple of hours ago. Many expected a prolonged correction down below $10,000 but that simply has not materialized. The move takes BTC above resistance on the last two-day candle closes when it first topped $13,000 late last month so a move higher is likely.