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Barchart
Barchart
Bitcoin reached a high of $25,238.72 on February 16, when it ran out of upside steam. In a February 11 Barchart article, I wrote, “History favors the upside” for the leading cryptocurrency, as Bitcoin has experienced many price explosions and implosions over the past years. Bitcoin is an alternative currency that provokes emotions. The detractors detest the crypto and all asset class members, while supporters view them as the future of money and finance. The latest price action shows that volatility is back with a vengeance, and the potential is for higher highs. The ProShares Bitcoin Strategy…