Bitcoin Cleared $65,000 This Week. Ignore the Noise, This Is the 1 Factor That Investors Need to Watch.
It's been about four weeks since this digital asset last crossed that price level.
Overview
On the afternoon of July 15, Bitcoin (CRYPTO: BTC) traded above $65,000. While it didn't remain above that level for long, it may signal the beginning of a long-awaited recovery for the coin, which hadn't been at $65,000 in about four weeks.
Bitcoin is still 48% below its peak, and there is no shortage of commentary from so-called experts trying to figure out what variables are driving the price, ranging from favorable regulatory and industry developments to a relief bounce following a streak of bad news. Investors should simply ignore the near-term noise.
Details
Here's the one factor that might matter most to Bitcoin holders right now.
Source
Originally published at www.fool.com.