Analysts Warn of Turbulent “Dog Days” of Summer; Will Bitcoin’s Rally Survive?

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Bitcoin has found itself once again the talk of the finance world, even stealing some of the luster from the gold rally. And although August is normally a slow month for markets, analysts are warning of an especially turbulent summer. With the dog days of summer ahead, and continued economic shakeup, can Bitcoin’s recent bull rally survive the expected turbulence and heat? Top Analysts Warn of Untypical August Economic Turbulence and Virus-Related Volatility Bitcoin price has been on an upward path since early April. But the further into the summer, the hotter Bitcoin’s rally became. In the last weeks of July, the cryptocurrency finally took out resistance at $10,000 and surged to $12,000 at the high. August is here, and while it is typically a slow month in markets, analysts are warning that things could be more turbulent than normal. According to Lindsey Bell, chief strategist at Ally Invest, the…

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