3 Things Stopping Bitcoin From Returning to $20k

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Bitcoin is known for its meteoric rises and plummeting dips, but the price has not seen much upward momentum over the past few months. Ever since Bitcoin topped $20k in December 2017, people have been waiting for the bull market to return. However, there are a few things that may be keeping the price down. Here are a few reasons why Bitcoin might not be reaching new highs any time soon. The Curious Case of Bitcoin’s Price Since it’s creation, Bitcoin has been known for its dramatic price swings. Tenfold increase followed by a 90% drop were not a rare thing for Bitcoin, and it still isn’t today. Bitcoin’s peak was at the end of 2017, reaching just around $20k before it started to come back down to Earth. After that, the price began to tumble more and more. When the dust cleared, Bitcoin had bottomed out at under $4,000.…

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