Bitcoin Price Now heading To $8K, BULL MARKET | Technical charts indicate

Bitcoin’s (BTC) bull price has likely recharged now and ready for a rally towards $8,000, technical charts indicate. The leading cryptocurrency in the last 15 hours of trading in the $7,240–$7,440 range, having clocked a 40-day high of $7,588 at 18:00 UTC yesterday. Moreover, BTC was looking overbought at multi-week highs, hence a minor correction was expected. The price pullback and the subsequent consolidation, when viewed against the backdrop of the high volume inverse head-and-shoulders breakout, indicate that BTC has likely gathered steam for a more sustainable rally towards $8,000. (Bitcoindesk)

Bitcoin, Bitcoin cash & Litecoin hitting 7-week high on Coinbase and other exchanges

Bitcoin jumped about 10% in 20 minutes on Tuesday, with no obvious news spurring the price rise, and that was at the top of 4% upside it had end of last week. Market analysts and coinbase have mentioned that new money coming into the market could have created a short squeeze, forcing traders who bet against bitcoin to buy the digital currency to cover their losses. At the same time ETH seems to stay in under $500 line and is not following exactly what is happening in bitcoin.

CNBC’s Melissa Lee:

Bitcoin hits 7-week high on Coinbase from CNBC.

Tags: Technology, news, bitcoi, crypto, price prediction for bitcoin, bitcoin 8k, Bitcoin Price Now heading To $8K, BULL MARKET  Technical charts indicate

Mohsen Daemi
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